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A University of Illinois and Ohio State analysis, dated February 4, 2025, examines how tariffs on Canada, Mexico and China could raise US fertilizer costs. The authors note that the planned 25% tariffs on Canadian and Mexican imports were delayed for 30 days after a February 3 agreement.
The analysis expects the largest price effect on potash, given US reliance on Canadian supply, and smaller effects on nitrogen and phosphate.
Higher potash import costs would raise input prices for US crop producers and could lift corn and soybean production costs. Tariff uncertainty keeps a risk premium in fertilizer markets.
farmdocdaily.illinois.eduHongxia JiaoFeb 4, 2025Not 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.
