|More indicators that fertilizer prices are high and perhaps moving higher.....|
Strong Corn Prices Come at a Cost
oe Sinclair, president of national ag chemical wholesaler Quality Ag Service, recently told DTN's Elizabeth Williams that he advises farmers to check fertilizer prices before making cropping plans. "There will be some sticker shock for producers. Nitrogen and potassium prices are almost double year-ago prices.
Sinclair said the last time fertilizer prices spiked like this was in 2008, but prices fell back the following year.
"Will we see a similar reality check for corn and fertilizer prices in 2022? I think it might take until 2023 before prices come back down," Sinclair said. "World ending stocks are so low, it may take another year to build up a safety net of grain stocks."