Are Lower Fertilizer Prices in the Cards for 2016?

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by David A. Widmar

A few weeks ago we looked at price expectations for corn and soybean in 2016. Based on the Purdue Crop Budgets, even lower corn and soybean prices are forecasted for 2016; this is especially true for soybeans. With little chance of commodity prices improving in the foreseeable future, production cost reductions will be critical in 2016. Fertilizer is the largest corn input expense (excluding land). This week we take a look to see if lower fertilizer prices can be expected in 2016. Continue reading