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A Farm Futures survey found retail fertilizer prices in Illinois fell nearly 16% between June 2 and August 11 as producers responded to high prices and stockpiles grew. Potash flows from Russia and Belarus are expected to stay constrained by sanctions, and China is not expected to lift its phosphate and urea export restrictions in 2022.
Lower retail input prices ease pressure on farm margins, but sanctions and Chinese export curbs and the European gas squeeze could push prices back up.
farmprogress.comJacqueline HollandAug 24, 2022Not 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.
