For some months now, the fertilizer industry has been full of anticipation for the U.S. 2012 spring planting season. The considerations were pretty simple, and so far they are playing out:
Because of very tight old crop (2011/12) supplies for U.S. corn, there would be a need for a very big 2012 corn planting to restock record low inventories. This would drive the big U.S. nitrogen demand; however, Once that crop is in the ground, attention will start shifting to the new crop supplies (2012/13), which may negatively affect intended acres for the next year (spring 2013!) and push down the anticipated nitrogen (refill) demand that comes with summer/fall 2012 and onwards.
Indeed, the U.S. has started planting a record-large corn crop. A...
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...
