# Farmers wait for fertilizer prices to fall amid oversupply - AgCanada

> Canadian farmers report fertilizer prices holding steady despite growing global plant capacity and falling US corn acreage, which has shifted toward soybeans after wet weather. Spring Mississippi River flooding temporarily delayed some fertilizer barge shipments.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71307-farmers-wait-for-fertilizer-prices-to-fall-amid-oversupply-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower US corn acreage reduces nitrogen demand, but global oversupply is the main factor keeping prices from falling, and this will shape input costs for corn and feed grain producers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- UREA: neutral
- BARGE: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/farmers-wait-for-fertilizer-prices-to-fall-amid-oversupply
- grainews.ca: https://www.grainews.ca/daily/farmers-wait-for-fertilizer-prices-to-fall-amid-oversupply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.