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Fertilizer producers are reporting their strongest profits in years as the Russia-Ukraine conflict pushed prices for potash, nitrogen, phosphate, urea and ammonia to new highs. Russia is a major supplier of these crop nutrients.
Nitrogen-focused producers such as CF Industries are cited as main beneficiaries.
Supply disruption from Russia has kept nutrient prices elevated, raising input costs for grain and feed producers. The strong producer earnings reflect tight supply rather than a sign of near-term relief.
reuters.comRuhi SoniMay 2, 2022After 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.
