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An American Soybean Association economist explains that fertilizer prices have nearly doubled over the past year, with DAP at 10-year highs and potash doubled. Increased demand from prevented planting in 2019 and 2020 and crop price strength are cited as key drivers.
Anhydrous ammonia is up over $300/ton year on year.
Fertilizer costs are a major input for soybean and corn growers, so sustained high prices can curb future acreage and support crop prices. Buyers should expect elevated input-linked cost pressure in feed grains and oilseeds.
soygrowers.comSep 2, 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.
