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Fertilizer prices rose sharply over the past year, with urea up 122.1% year on year and potash also significantly higher in February 2022. The article attributes the rise to post-pandemic demand recovery, higher natural gas costs, and export bans by Russia and China.
Persistently high fertilizer costs squeeze grain margins and support corn and wheat prices as farmers may cut application rates, affecting yields and feed supply.
aranca.comGreshma Serrao Senior Analyst, Investment Research, AnalyticsApr 29, 2022After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 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.
Not enough comparable past events yet for a historical read.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
