Gun shy after last fall s sudden rally in fertilizer prices, grain producers looking ahead to fall and spring applications for the 2023 crop may be willing to buy supplies earlier than usual.
Alarming record-high fertilizer prices in December 2021 don t seem quite so bad when comparing apples-to-apples to 2012 highs or the really grim times of the 1850 s Guano Age.
Most pieces of the commodity grain supply chain are ticking along smoothly at the gut slot of harvest 2021, but don t underestimate the industry s exposure to containerized shipments.
A sample of new-crop basis bids across the country reflect crop evaluators conclusions Eastern corn buyers may feel confident about 2021 supply, but the market in the Western Corn Belt is already pricing in some competition for supply.
There isn t a strong relationship between the first set of June corn condition ratings and ultimate nationwide corn yields, as long as the crop gets off to a good start. The first 2021 corn condition ratings show 76% rated