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Agri-Pulse reports that US farmers face rising input costs, with fertilizer and pesticide prices volatile. Drivers cited include Chinese phosphate restrictions, Hurricane Ida's impact on nitrogen and glyphosate, proposed tariffs on Russian urea ammonium nitrate, and US sanctions on Belarusian potash.
Aimpoint Research's Gregg Doud expects continued volatility into next year.
Persistent supply disruptions across nitrogen, phosphate and potash keep fertilizer prices elevated, which squeezes farm margins and may reduce planted acreage or fertilizer application. Feed buyers should expect higher input costs to be passed through over time.
agri-pulse.comBill TomsonOct 20, 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.
