Supply Chain
Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.
Hundreds of trucks, recreational vehicles and cars were circling the outskirts of Washington on Sunday, threatening to cause traffic backups around the capital as part of a protest against pandemic restrictions.
Russia’s trade and industry ministry has recommended the country’s fertilizer producers temporarily halt exports, the ministry said Friday, in a sign that sanctions imposed could have a global impact.
Chicago wheat futures rose sharply on Monday after hitting 13-1/2 year highs on Friday, lifted by concern that Russia’s invasion of Ukraine and Western sanctions will continue to disrupt Black Sea region grain exports.
Pesticide and seed producer Bayer said on Monday a supplier of an ingredient for its widely used herbicide glyphosate has run into technical problems which may hamper Bayer’s output of the product in the short term.
No matter where you travel across the country right now, farmers share similar concerns. The latest Ag Economy Barometer fell to its lowest reading since July 2020 as the input situation weighs outlooks.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
Recent COVID-19 vaccine mandates in both the U.S. and Canada could take even more truckers off the road. Trucking industry experts warn while empty store shelves could turn into more fertilizer shortages next.
The U.S. Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boost U.S. manufacturing from Congress.
On Dec. 10, 2021, a tornado tore across Kentucky demolishing areas in its path. Farmers and state leaders say it will be a long road to recovery with trouble sourcing even enough fencing supplies to rebuild.
2021 was a strong financial year for many farmers. For 2022, input costs are rising rapidly. One ag lender cites $700 per acre in some scenarios. That means farmers will need strong yields this season to break even.
The report found nitrogen accounts for more than 50% of fertilizer costs for a corn producer at $117 per acre.
Nutrien and The Fertilizer Institute share more details on fertilizer industry dynamics in light of reports citing how fertilizer prices are effecting on-farm economics.
A new report from Texas A&M Agricultural and Food Policy Center (AFPC) a 50% rise in fertilizer prices equates to an average of $128,000 per farm. The largest per-acre impact would falls on rice farms at $62.04 an acre.
Have record high fertilizer prices finally peaked? While prices continue to remain high right now, there were some signs last week and already this week that indicate some relief and stability may be in sight.
Jeff Tarsi credits the successful fall application across the Nutrien Ag Solutions retail footprint for lessening the potential pressure of the upcoming spring season.
Trade volume slipped between July-September due to supply chain disruptions, shortages of production inputs and rising COVID-19 cases, the WTO said in a statement on its website.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Inflation is effecting consumers across the country. And as Americans prepare to gather for Thanksgiving this year, it will cost most Americans more than it did last year, but not the highest price ever.
What do a Thanksgiving turkey and a canary in a coal mine have in common? More than you might think—this year’s turkey has a warning.
The White House announced Tuesday it’s tapping into oil reserves in an effort to help relieve the rising prices at the pump. But could the decision drive oil prices higher and impact corn prices? Analysts weigh in.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
The supply chain constraints are continuing to plague agriculture. As farmers work to make input decisions for the 2022 season, economists expect high input prices to persist through spring.
Members of the United Auto Workers Union (UAW) approved a new six-year deal on Wednesday with a 61% vote. The new agreement includes a signing bonus, wage increases, as well as enhanced retirement options.
In an op-ed written by NCGA CEO Jon Doggett, he says fertilizer executives are bringing in climbing profits at the expense of farmers, referring to those fertilizer companies as the “Fertilizer Oligopoly.”
Who has what products where and when are key questions swirling for the 2022 growing season and its required crop inputs.
Union: New offer has modest modifications to offer voted down Nov. 2; Vote Wed.
“We’re going to do it differently. We’re going to choose active ingredients we haven’t used before. We’re going to do different kinds of production activities,” says Allan Gray at Purdue University.
Inflation levels are now at levels the U.S. hasn’t seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.
The COVID-19 pandemic has exposed the fragility of global supply chains.