$SUPER FERTILIZER SHOCK JUST HIT THE SUPPLY CHAIN 🚨

Urea prices in New Orleans have surged 89% since December to $660 per short ton, the highest since September 2022, as the Strait of Hormuz disruption slows Middle East shipments and China and Russia tighten exports. That combination is squeezing global nutrient supply right before spring planting, raising the odds of renewed agricultural inflation and higher food costs.

Not financial advice. Manage your risk.

#Commodities #Agriculture #Inflation #Trading #Macro

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