
The USDA projects fertilizer, lime and soil amendment costs in the US will rise 15.3% in 2026, an additional $5.3 billion. Higher natural gas prices for nitrogen production and elevated sulfur costs for phosphate fertilizers are driving the increase.
Corn producers are particularly exposed, since fertilizer makes up 17–24% of their production costs.
Higher input costs may cut US corn plantings and profitability, potentially shifting acreage toward soybeans in 2027. This supports corn and fertilizer prices over the medium term.
After 1,051 past bullish report events, Corn moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.