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Total world grain and oilseed output is forecast to rise about 106 million tonnes (3.2%) to 3.423 billion tonnes in 2021/22, with China, Ukraine, South America and the US leading acreage expansion. Nutrien expects US and Canadian growers to raise crop input spending 4% to 7% this year, and Brazilian input costs to rise 12% to 14%.
Expanding acreage and higher grain prices increase demand for fertilizer and fuel, which should keep input prices firm through summer. Farmers face higher input costs even as crop output grows.
farmprogress.comJacqueline HollandMay 19, 2021Not 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.
