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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
