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Norway's Yara, one of the world's largest fertilizer makers, is further cutting ammonia production in Europe due to the surge in gas prices, following other manufacturers.
Another major European producer curtailing ammonia output tightens nitrogen supply and supports fertilizer prices, raising input costs for grain and feed producers.
reuters.comAug 25, 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.
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.
