If that was true we would have seen a big spike in grain futures around September/October (when this data was published). Grain futures are up but the big spike

If that was true we would have seen a big spike in grain futures around September/October (when this data was published). Grain futures are up but the big spikes were in December, indicating that urea prices are not the cause. According to some articles I’ve read targeted towards farmers [1], they are able to compensate by using less fertilizer-dependent crops. So, we can expect small price hikes and major shifts towards using soybeans in place of corn where possible. [1] example: https://www.agriculture.com/markets/analysis/crops/fertilizer-dilemma-has-farmers-on-edge-analyst-says https://www.agriculture.com/markets/analysis/crops/fertilize...