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CropWatch explains that phosphorus and nitrogen fertilizer prices rose from early-2020 lows to levels not seen since 2008. Potash prices are high in the Corn Belt and Brazil despite low international levels.
The article attributes the rally to supply shocks, plant closures, market concentration and policy changes.
Concentrated supply and policy-driven shortages keep fertilizer costs elevated, which raises grain production costs and supports corn and feed input prices. The price pressure is likely to persist.
cropwatch.unl.eduDec 2, 2021Not 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.
