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Farm groups expect fertilizer, chemical and steel costs for the 2022 crop to rise further, with some product shortages possible. Southeast average nitrogen prices rose from $250 to $440 per ton between April and mid-October 2021.
Higher inflation expected in 2022 could push input costs up again before planting.
Rising nitrogen and fertilizer costs raise grain production costs and may support corn and other feed grain prices in 2022.
farmprogress.comRon SmithNov 2, 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.
