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USDA's latest Commodity Costs and Returns forecast raised production cost estimates for every major field crop in 2026 and 2027. Fertilizer drives the revisions, with estimates up about 10% for 2026 and 14% for 2027 versus June.
USDA also announced an $8 billion Harvest Fuel Relief Program to offset rising diesel and input costs.
Higher fertilizer and diesel costs raise farm input expenses, which can cut planted acreage and fertilizer-intensive crop output over time, while farmers' margins are squeezed. Feed buyers should watch for supply tightening in corn and other crops and higher costs passed through to feed prices.
fb.orgFaith Parum, Ph.D.Nov 13, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
