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AFBF economists say fertilizer prices in some US areas are up more than 300%, with uncertain delivery times. They compare the current surge to 2008, when nitrogen, phosphate and potash prices rose sharply, and cite strong demand, low inventories and limited industry capacity as drivers.
Tight nitrogen, phosphate and potash supplies raise the cost of the 2022 US corn and soybean crop, which feeds through to feed grain costs. Structural constraints suggest prices may stay elevated.
farmweeknow.comSHELBY MYERS, AFBF economist AND VERONICA NIGH, AFBF senior economistDec 14, 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.
