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Corn and soybean prices fell in a quiet session with little new demand news. Nutrien is weighing a potash capacity increase in response to sanctions on Russia and Belarus, and says the Ukraine war may not alter trade flows enough to justify more investment.
Sanctions on Russian and Belarusian potash constrain global supply, supporting fertilizer prices, while uncertainty over new capacity keeps input costs elevated for growers.
theseam.comMay 3, 2022Not enough comparable past events yet for a historical read.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% 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.
