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Europe's fertilizer crunch is deepening, with about 70% of production capacity offline due to soaring gas costs linked to Russia's gas supply squeeze. Ammonia prices in Western Europe have surged, and the UN FAO warned the EU could shift from fertilizer exporter to importer.
Lost European nitrogen capacity keeps fertilizer prices elevated and may cut farm application rates, threatening yields and raising feed grain costs for the next planting season.
business-standard.comSamuel Gebre, Elizabeth Elkin, BloombergAug 27, 2022After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 62 past geopolitics events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +3.0%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
