NASHVILLE, Tenn. (RFD News) — Lower fertilizer and fuel prices could trim 2027 crop operating costs, but producers still face timing and market risk.
Marc Rosenbohm with Terrain forecasts average operating costs will decline for corn and soybeans next year if energy flows normalize through the Strait of Hormuz and peace holds between the United States and Iran. Nitrogen prices are expected to see the biggest fall, while diesel may move lower toward harvest.
The savings may be limited. Higher repair costs and custom service expenses are expected to offset part of the decline. Rosenbohm forecasts that corn operating costs could fall by about $7 per acre in 2027, while soybean costs may drop by about $3 per acre.
Phosphate fertilizer prices are expected to stay elevated through fall because sulfur and ammonia costs remain high. Potash prices are forecast to decline only slightly.
The key risk is renewed conflict or stalled negotiations. Late summer will be important for fuel needs and early fertilizer purchases.
