A new Rabobank review indicates that growers can expect a healthier supply of fertilizers compared to last year.
It also shows prices could trend lower as well for phosphates and potash as the war in Ukraine continues. The group says the two fertilizers are flowing more steadily out of Russia, and U.S. supplies are “comfortable enough.”
Nitrogen prices, however, are forecast to increase 20-30 percent at the wholesale level between now and the end of the year.
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“Now, we don’t know if income is dependent on a trade issue, and extra payment or disaster... or any number of things that we used to not have as high on the list of potential problems.”
“We raise one-third of the total U.S. pigs raised here come from Iowa. So, one out of every three pigs is raised right here in Iowa.”
