A grain analyst says increasing fertilizer prices and questionable availability will likely convince US farmers to plant less corn in the spring.
“Corn prices remain supportive, but are they going to be supportive enough for US farmers to pay these rates for fertilizers come spring? Never mind that they don’t know if they can even get it or not.”
Pete Meyer with S&P Global Platts tells Brownfield client interest in fertilizer challenges prompted them to release an early prediction that at least 3 million US corn acres will shift to soybeans next year since it is a less fertilizer intensive crop.
