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Farm Futures analyst Bryce Knorr says fertilizer and fuel prices have fallen sharply from last year's highs, with June Gulf ammonia settling at $308 per short ton, down nearly 80% from the peak. He advises growers buying fall inputs to lock in prices while noting weather, war and macro risks.
Lower fertilizer and diesel costs reduce farm production expenses, which can support planted acreage and supply over time. The article is advisory and does not signal a direct move in feed grain prices.
farmprogress.comBryce KnorrJun 5, 2023Not 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.
