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Urea prices in the United States are rising because of high ammonia feedstock costs, low phosphate stockpiles and hurricane-related production interruptions. Urea FOB Cornbelt was reported near USD 738 per MT, and prices were expected to stay high into Q1 2022.
Phosphate rock prices were also at historic highs.
Higher natural gas and ammonia costs raise nitrogen fertilizer production expenses, and tight US supply pushes up delivered prices for fertilizer buyers. Feed-crop growers facing expensive inputs may shift acreage or cut application rates, which can affect future feed grain supply.
chemanalyst.comBob DufflerJan 6, 2022After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
