INPUTS
Josh Linville says tight nitrogen supplies, rising demand and global disruptions to sulfur supplies are keeping pressure on fertilizer markets, even if tensions in the Strait of Hormuz ease.
ClearCost CEO Keith Busch says the platform will post state-level delivered prices, hold payment until product moves and, eventually, support hedging, with the redeveloped version due in January.
Waiving penalties for on-road red diesel use provides minor savings for tight agricultural margins, though analysts fear the move could strain already tight fuel supplies.
High feed costs, retail resistance and resuming Mexican imports signal lower prices, but structural supply limits offer downside protection.
A new report commissioned by NCGA and ASA found 90% of 1,200 farmers surveyed say they are more or equally concerned about their farm financials than a year ago.
After a growing season with multiple windstorms, tornadoes and 15" to 20" more rain than normal, Cody White in Maroa, Illinois is seeing corn bushels 25-30 bushels lower than last year.
Diesel costs for US farmers are double last year’s level, pressuring food transport and retail.
“I’ve spent less than 35% of normal chemical costs so far this year,” Orin Romine says. “It’s not complicated. On my operation, the math works.”