# October '24 Farmer Fertilizer Focus - UAN

> StoneX's Josh Linville says global nitrogen supply remains constrained, with EU production at about 75% of normal and Trinidad struggling with gas-related output issues. Demand is slower because farmers face lower grain prices and are delaying purchases. He still expects higher urea prices.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5249-october-24-farmer-fertilizer-focus-uan
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Constrained nitrogen supply and delayed buying set up a price rebound once demand returns, raising fertilizer costs for feed producers. Weak grain prices are the main factor restraining the near-term rally.

## Read by commodity

- DAP: bullish ▲
- CORN: bearish ▼
- UREA: bullish ▲
- PHOSROCK: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-10-03 | 1 | +1.9% | 3.6 | Constrained global nitrogen supply (EU output at about 75% of normal, Trinidad gas problems) supports higher urea prices, although slow demand tempers the effect. |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/october-24-farmer-fertilizer-focus---phosphate-1526634/
- stonex.com: https://www.stonex.com/en-us/insights/october-24-farmer-fertilizer-focus---uan-1526633/

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