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Average Illinois anhydrous ammonia prices reached $710 per ton, up 65% from last fall's lows according to USDA. Analysts expect fall fertilizer and propane costs to be much higher than last year because of global acreage expansion and pandemic supply chain disruptions.
Retailers are not yet locking in prices.
Rising anhydrous and propane costs raise the cost of corn production and signal higher US nitrogen input prices into the fall buying season, which can support corn prices over time.
farmprogress.comJacqueline HollandJul 8, 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.
