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A sorghum industry column says input costs are rising across the Sorghum Belt, with cash nitrogen, phosphorus and potash prices sharply higher since mid-2020. Fertilizer supply is complicated by delayed plant maintenance, rising global demand and local weather.
Farmers are advised to plan for thinner margins in 2022.
Higher fertilizer costs can cut planted acreage of competing crops and squeeze producer margins, which may tighten future grain supply. The direct effect on feed grain prices is limited in the near term.
farmprogress.comJohn DuffNov 1, 2021Not 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.
