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CRU forecasts fertilizer prices to remain elevated through the first quarter of 2022 because supply is tight, ammonia prices are at record highs, and European capacity is idle. Urea prices dropped in recent weeks, with a large pullback in the US that week.
Declines are expected later in 2022 as energy prices ease.
Elevated fertilizer costs are likely to persist into spring planting, raising input costs for grain and feed producers. Price relief is expected only later in the year as energy and supply conditions normalize.
marketsfarm.comGlen HallickJan 7, 2022Not 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.
