McLean County Farm Bureau

FarmDoc Daily

• Burdensome Grain & Oilseed Stocks?
  Despite frequent headlines of burdensome grain & oilseed stocks, they are normal when measured appropriately. The important storyline is that stocks have not increased relative to use even though world yield of grains & oilseeds has been at or above trend since 2012. Stocks are not the reason prices and return are low.
• Nitrogen Prices Remain in Focus After Iran Conflict
  Nitrogen fertilizer prices have increased substantially since Operation Epic Fury commenced. Higher fertilizer prices are likely to continue into the fall. This longer-run price increase could result in a larger impact on farmer costs and returns in 2027 than in 2026. At that point, decision-making for the 2027 crop will present challenges. Given that nitrogen […]
• Strait of Hormuz Closure and Fertilizer Supply Risks for U.S. Agriculture
  The early market response to the Hormuz disruption points to a concentrated rather than broad-based risk for U.S. agriculture. Energy markets reacted most sharply, but in fertilizer markets the strongest response has so far been concentrated in nitrogen products, especially urea, where prices rose by more than 28% within three weeks. Historical experience suggests the […]