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Fertilizer prices continued rising globally in June 2021. The cost of nitrogen, phosphate and potash for an acre of corn is up $50 from last fall.
Ammonia contracts internationally topped $600/ton including freight.
Higher nutrient costs erode corn margins, adding 25 to 30 cents a bushel to production costs and threatening profitability for 2022. This may reduce corn planting incentives relative to soybeans.
farmprogress.comBryce KnorrJun 22, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
