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Potassium sulfate and other potash, phosphate and nitrogen prices are at levels not seen in about a decade, according to analysts. Several forecasts suggest costs will stay high into 2022, citing energy prices, Gulf Coast storms and European gas-driven plant closures.
Sustained high fertilizer prices raise the cost of growing feed grains and oilseeds, supporting feed input prices and reducing expected acreage response.
blog.agchemigroup.euSimon HiltonOct 28, 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.
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.
Published days before the move, it shows phosphate prices at decade highs with forecasts of elevated costs into 2022 from energy, storm and European plant closure pressures, reinforcing bullish sentiment.
