# Urea prices in the US experience price rally amid Middle East confrontations

> US urea prices rallied on Oct. 2, 2024, with deals at $328-$336/st FOB New Orleans versus $310-$320/st the week of Sept. 23. The increase followed escalating conflict between Israel and Iran. The ILA port strike on East and Gulf Coasts, which began Oct. 1, also raised concerns for imports.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/5243-urea-prices-in-the-us-experience-price-rally-amid-middle-east-confrontations
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Iran is a major urea exporter and Middle East supply is concentrated, so geopolitical risk tightens global nitrogen supply and lifts fertilizer costs for feed grain producers. Higher nitrogen costs could also weigh on future corn acreage and prices.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-05 | [Middle East tensions support urea price rally.](https://feedsoft.ai/events/9417-middle-east-tensions-support-urea-price-rally.md) | -1.2% | -1.9% |
| CORN | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +2.0% | +5.1% |
| CORN | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | -1.1% | -2.6% |
| CORN | 2023-07-18 | [Wheat prices fall amid faster harvest and improved U.S. crop conditions](https://feedsoft.ai/events/35088-wheat-prices-fall-amid-faster-harvest-and-improved-u-s-crop-conditions.md) | +18.0% | -1.3% |
| CORN | 2026-03-18 | [Urea – Midweek Update: Middle East crisis sees global urea prices established above $700pt fob](https://feedsoft.ai/events/20463-urea-midweek-update-middle-east-crisis-sees-global-urea-prices-established.md) | +2.0% | +0.2% |
| WTI | 2024-10-08 | [CO Futures Close Higher Amid Middle East Tensions, Crude Oil Rally – MPOC](https://feedsoft.ai/events/7765-co-futures-close-higher-amid-middle-east-tensions-crude-oil-rally-mpoc.md) | -2.9% | -7.5% |
| WTI | 2026-09-07 | [Opec+ holds oil output steady as prices continue to rise amid Middle East escalation \| Upstream](https://feedsoft.ai/events/17384-opec-holds-oil-output-steady-as-prices-continue-to-rise-amid-middle-east.md) | +9.3% | +3.6% |
| WTI | 2023-10-09 | [Middle East conflict fuels rise in commodity prices \| Reuters](https://feedsoft.ai/events/9277-middle-east-conflict-fuels-rise-in-commodity-prices-reuters.md) | +5.9% | -2.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/fertilizers/100224-urea-prices-in-the-us-experience-price-rally-amid-middle-east-confrontations

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.