Market Context:

Urea is a nitrogen-rich fertiliser used in agriculture and animal feed, supporting plant growth and photosynthesis. Prices have recently been impacted by geopolitical tensions—especially conflicts affecting energy and export routes—since urea production depends heavily on natural gas. Urea futures, traded on the CBOT, allow producers, consumers, and speculators to hedge or take on price risk, while Trading Economics prices are based on OTC and CFD instruments.

Market Details:

• Market Period: From the publication date through March 24, 2026, at 11:59 PM UTC.
• Market Close: March 24, 2026, at 11:59 PM UTC.
• Resolution Date: March 25, 2026
• Resolution Deadline: March 26, 2026 at 12:00 PM UTC or sooner if the price for the Resolution Date is published.
• Market Target: $610.00

Resolution Criteria:

• Resolves to “Yes” if the Urea (USD/T) price as reported on Trading Economics is strictly above the Market Target for the Resolution Date.
• Resolves to “No” if the Urea (USD/T) price is at or below the Market Target for the Resolution Date.

Resolution Details:

• The Trading Economics closing price of Urea (USD/T) for the Resolution Date will be used, specifically:
  • One-Day view timeframe (“1D”)
  • Urea (USD/T) price
  • Only the Urea (USD/T) price reported by Trading Economics will be considered.

Cancellation (Invalidity) Conditions

• The Urea (USD/T) price on Trading Economics is suspended or becomes unreliable.
• The Trading Economics platform is unavailable or experiences significant disruptions during the Market Period.
• Any circumstance prevents reliable price tracking during the Market Period.

If the market is cancelled, participants can claim their stakes at the then-current market value of their shares, which could result in a profit or a loss depending on the price of those shares at cancellation.