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It will take significant N bookings at higher prices or excess natural gas supplies to relight fires at fertilizer plants – and neither seems likely until summer 2022.
USDA’s October Crop Production and WASDE reports caused the soybean markets to tank Tuesday. One analyst says he thinks USDA’s soybean could could continue to rise as soybean demand shows signs of trouble.
Leaders the world’s largest input companies report material and freight costs continue to be high and farmers should expect prices to be up in 2022.
China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.
A virtual working meeting is expected before year’s end between President Biden and Chinese leader Xi Jinping.
In customer metrics, it means 30% more share of wallet.
Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won’t impact 98% of family farms, but another analysis contradicts those claims.
Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.
Crystal Valley Cooperative said it was targeted in a ransomware attack in recent days, making it the second Midwestern farm-services provider in a week to be forced to take systems offline due to cybersecurity incidents.
As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.