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Average farm input prices in the US Southeast are sharply higher than a year ago, with nitrogen up 106 percent, potash up 110 percent and phosphorus up 69 percent. Farm diesel is up 60 percent to about $2.76 per gallon.
Higher fertilizer and fuel costs raise production costs and may prompt farmers to cut input use or acreage, which can affect crop supply and feed-grain prices.
georgiacottoncommission.orgGeorgia Cotton CommissionDec 23, 2021Not 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.
