# February '26 Farmer Fertilizer Newsletter - UAN

> A StoneX fertilizer newsletter says global UAN supply is constrained by low Russian exports, European output near 75% of normal, Trinidad outages and North American cold-related shortfalls. Urea values are rising while North American UAN inventories started the year low.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5721-february-26-farmer-fertilizer-newsletter-uan
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Constrained nitrogen supply and low inventories point to higher nitrogen prices into the Northern Hemisphere spring, raising production costs for grain and feed. The analyst expects UAN to hold or rise rather than fall.

## Read by commodity

- UREA: bullish ▲
- POTASH: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2026-02-02 | 1 | +6.7% | 5.9 | Constrained global nitrogen supply (low Russian exports, European output around 75% of normal, Trinidad outages, cold-related North American shortfalls) supports rising urea values. |

## Sources

- stonex.com: https://www.stonex.com/en/insights/february-26-farmer-fertilizer-newsletter-uan/
- stonex.com: https://www.stonex.com/en-us/insights/february-26-farmer-fertilizer-newsletter-potash/

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