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Oklahoma wheat producers report nitrogen fertilizer costs of $635 to $700 per ton, up from $220 to $275 a year earlier. Cash wheat prices have also risen sharply, to $7.81-$8.32 per bushel from about $5 a year ago.
Nitrogen now represents a large share of wheat production cost, which may reduce planting or application and tighten future wheat supply while keeping farmers reliant on higher grain prices.
ukragroconsult.comNov 23, 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.
