As of early February, U.S. farmers are facing decade high fertilizer prices going into the spring planting season. Moreover, the overall fertilizer price index calculated by Green Markets North America jumped by the highest margin since the first week in September.
There have been many factors impacting the market. In addition to increased demand for fertilizers, issues on the supply side, such as natural gas prices, fertilizer production disruptions resulting from Hurricane Ida, supply chain challenges, and transportation problems have helped push up prices. Of course, general inflationary pressures have had an impact as well. Another key factor, however, is tariffs and sanctions. Potash is affected by Western sanctions on...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
