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Fertiliser prices have reached near-record highs, with US Illinois data showing urea at $810/mt versus $352 a year earlier and DAP at $814/mt. Some US farmers are considering switching from corn to soybeans for the 2022-23 season because corn is more fertiliser-intensive.
Higher fertiliser costs may reduce US corn acreage and nitrogen application rates, which could tighten future corn supply and support feed grain prices.
ukragroconsult.comNov 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.
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.
