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Farm Futures analyst Bryce Knorr argues that fuel and fertilizer may be near their cheapest for the fall season, though prices remain far above historical levels. Propane is up 40% year on year, the cost of fertilizing corn is up 83%, and Midwest diesel has nearly doubled.
Input costs remain elevated, but the advice to buy during summer months signals that buyers may lock in supplies before fall price increases. Ongoing Ukraine-related volatility keeps the risk of higher prices.
farmprogress.comBryce KnorrJun 6, 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.
