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Prices of nitrates, nitrogen, ammonia, potash and sulfates, which make up the fertilizer market, have reportedly risen above the highs of the earlier food and energy crisis. The article attributes the surge to Russia's invasion of Ukraine and its effect on gas prices.
Sharply higher nitrogen and potash costs squeeze grain and oilseed margins and can reduce planted area or fertilizer use, supporting crop prices over time.
markets.bostonherald.comAssociated PressMar 6, 2019After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
