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Rabobank's Semi-Annual Global Fertiliser Outlook warns of continued pressure on farmers after the Strait of Hormuz closure removed substantial fertilizer volumes from trade. Nitrogen and phosphate prices have risen faster than crop prices, and urea in Europe is up about 40% since the conflict began.
Fertilizer costs rising faster than crop prices compress farm margins and may reduce input use, which tightens crop supply over time. This supports feed grain prices while squeezing livestock producers' margins.
agriwatchgh.com"Agriwatch"Apr 28, 2026
agriland.co.ukAgriland TeamApr 27, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
