# Middle East tensions support urea price rally.

> Urea prices rose about $5-7/t in most benchmark locations after Iran launched missiles into Israel, lifting market fears. Several pending trades were abandoned as buyers pulled back, while the Middle East FOB price approached $360/t and November forwards were quoted near $380.

- Date: 2024-10-05 · published 2024-10-05T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/9417-middle-east-tensions-support-urea-price-rally
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Middle East supply is central to global urea trade, so geopolitical risk to those flows and firmer tender pricing point to higher nitrogen fertilizer costs for feed grain producers in coming months.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2024-10-02 | 1 | +1.9% | 3.7 | Urea prices rose $5-7/t after Iran's missile launch and buyers pulled back from trades, which matches the sentiment-driven rally, though the article is dated after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-10-04 | [Middle East tensions raise stakes in latest Indian urea tender](https://feedsoft.ai/events/9418-middle-east-tensions-raise-stakes-in-latest-indian-urea-tender.md) | -0.4% | -1.8% |
| UREA | 2026-10-11 | [Brazil's potash prices fall while urea climbs on Middle East tensions \| Agro News Today](https://feedsoft.ai/events/700-brazil-s-potash-prices-fall-while-urea-climbs-on-middle-east-tensions-agro-news.md) | +2.6% | — |
| UREA | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | +1.6% | -1.2% |
| UREA | 2026-07-29 | [Rising tensions in the Middle East cause urea to rise almost 14% in one month.](https://feedsoft.ai/events/18675-rising-tensions-in-the-middle-east-cause-urea-to-rise-almost-14-in-one-month.md) | +0.6% | -1.2% |
| UREA | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | +2.5% | +1.6% |
| CORN | 2024-10-02 | [Urea prices in the US experience price rally amid Middle East confrontations](https://feedsoft.ai/events/5243-urea-prices-in-the-us-experience-price-rally-amid-middle-east-confrontations.md) | -1.1% | -2.6% |
| CORN | 2024-10-02 | [Middle East tensions add to combustible urea market - Brownfield Ag News](https://feedsoft.ai/events/5244-middle-east-tensions-add-to-combustible-urea-market-brownfield-ag-news.md) | -1.1% | -2.6% |
| CORN | 2026-03-02 | [Middle East Conflict: Tension Injects Risk Premium into Global Grain Markets](https://feedsoft.ai/events/16875-middle-east-conflict-tension-injects-risk-premium-into-global-grain-markets.md) | +2.0% | +5.1% |

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/11044-middle-east-tensions-support-urea-price-rally

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.