Fertilizer costs are also top of mind during geopolitical turmoil.
Josh Linville with StoneX says the numbers are telling an interesting story right now.
“Truthfully, I have been surprised prices haven’t been higher. What other things have been keeping a lid on these fertilizer prices from going higher than where they are today is lower grain prices. Obviously, farmers everywhere are talking about the fact that grain prices are not great, they’re not attractive, and so that is keeping the lid because I think the fertilizer industry knows the farmers just can’t buy these values, certainly not ahead of next spring.”
Fertilizer prices have been relatively steady over the last few days. Analysts with DTN found no significant moves last week, with anhydrous falling in price over the last month. Seven of the eight major types are more expensive than a year ago, with urea holding 25 percent above 2024. Potash, on the other hand, is lower in price, falling around seven percent on the year.
Ohio farmer Chris Gibbs joins us to discuss planting progress, weather conditions, and how geopolitical tensions are clouding his growing season outlook as input concerns continue to escalate.
RealAg Radio’s Shaun Haney and other experts break down ongoing energy market volatility, its impact on producer decision-making, and key indicators farmers should monitor moving forward.
Cotton margins improved slightly, even as fertilizer and fuel costs rose due to the Strait of Hormuz disruption linked to the Iran war.
The latest developments point to shifting export routes, higher congestion risk, and continuing cost pressure for grain, fertilizer, and energy shipments.
Purdue University’s Dr. Michael Langemeier joins us to break down the latest read on farmer sentiment in the April Ag Economy Barometer, and growing concerns about the impact of global conflict on farm inputs and income.
StoneX’s Josh Linville discusses USDA’s efforts to boost domestic fertilizer production and his outlook on supply and prices.
