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University of Illinois economists expect farmers to face much higher fertiliser prices for the 2023 planning season. They note that prices could be lower next spring.
The US International Trade Commission's decision not to impose tariffs on UAN imports from Russia and Trinidad and Tobago is helpful but does not change the other market drivers.
Fertiliser costs are a major input for corn, and uncertainty about 2023 nitrogen prices affects acreage and crop cost decisions. Lower tariffs modestly ease the cost outlook.
michiganfarmnews.comGary Schnitkey, Krista Swanson, Nick Paulson, Jonathan Coppess, Jim BaltzJul 21, 2022Not 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.
