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University of Illinois economist Gary Schnitkey reports that fertilizer prices are rising for the 2019 season, with anhydrous ammonia about $80/t higher, DAP about $70/t higher and potash about $35/t higher than 2018. He estimates fertilizer costs will be $15/acre higher for corn and $5/acre higher for soybeans, ending a decline that began in 2012.
Rising nitrogen, phosphate and potash costs raise grain production expenses and may shift acreage, supporting the outlook for feed-grain prices despite depressed crop prices.
u.osu.eduruff.72 atOct 1, 2018Not 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.
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.
