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University of Illinois and Ohio State economists report that fertilizer prices in Illinois rose more than 50% over the past year. They project near-record fertilizer costs for 2022 corn and soybean production, though below the 2008 peak.
Higher input costs for 2022 can cut expected acreage returns and support fertilizer prices while shaping feed grain production economics.
farmdocdaily.illinois.eduHongxia JiaoAug 3, 2021Not 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.
