Corn, cotton, soybeans, and wheat were up for the week.
The rise in fertilizer and other input prices has been well documented. In Tennessee, 2022
estimates for corn, cotton, and soybean production have total costs up 31-39%, 21-27%, and 18-29% compared to 2021. A large portion of the increased cost can be attributed to fertilizer prices. For example, UAN is up 171%, urea is up 148%, potash is up 119%, and DAP is up 79% compared to the same week last year. The direction of input prices remains highly uncertain. A reasonable case can be made for additional increases or a moderate pull back in fertilizer prices in the 1st quarter of 2022. Continue reading at Tennessee Market Highlights.