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Texas A&M AFPC economists project fertilizer prices could rise about 80% in 2022 after already climbing up to 200% year over year. The report, prepared for a Louisiana congressman, says feedgrain growers face the largest whole-farm cost increase, averaging $128,000.
Higher nitrogen and other fertilizer costs raise corn and feedgrain production costs and may reduce planted acreage or yields. This supports firmer feed grain prices over the coming season.
texasfarmbureau.orgJulie TomascikJan 18, 2022After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
