EU Tariffs Cause Sharp Decline in Russian Nitrogen Fertilizer Exports

After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.

• Oct 25, 2022U.S. nitrogen exports jump as Europe scrambles for fertilizer-10.5%
• Aug 22, 2025European farmers facing higher costs after EU tariffs on Russian fertiliser imports | Reuters-0.8%
• Sep 13, 2022UN: Food exports from Ukraine are up, Russia fertilizer down | AP News+2.3%
• Sep 26, 2025EU Opens Anti-Dumping Probe Into Fertilizer Imports From Russia - Bloomberg-3.5%
• Aug 23, 2021US Corn Growers Could Face Higher Fertilizer Costs From Import Tariffs+1.9%

Not enough comparable past events yet for a historical read.

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Feb 16, 2017Rise in nitrogen fertiliser prices is short-term, says Yara - Premium-0.3%
• Sep 25, 2018Russian Grain Exports Slowed+0.1%
• May 1, 2026China tightens border inspections for fertilizer exports, sources say-1.4%
• Aug 18, 2022Iowa farmers, ag leaders urge Tom Vilsack, Katherine Tai to lower tariffs to ease fertilizer costs+0.4%
• Jan 16, 2026Russian grain shipments grow as seaborne trade dominates exports+0.7%