Good crop yields require adequate applications of fertilizers, to ensure the growing wheat, rice, et cetera, has adequate nutrition to yield a bountiful harvest. For much of 2022, the concern has been that rising fertilizer prices and even fertilizer shortages
As an investor I'm trying to learn more about fertilizer pricing cycles. I'm thinking a cycle is two years, or crop seasons. Year one gives growers a price for a crop. Then, year two, they will buy more fertilizer for the crops that were most profitable for them. Meanwhile the worldwide "war" on fossil fuels has to force the price of fertilizers--especially the kind made from natural gas--higher.
Good and a relief to see those statistics Peter. Around our local rural area crops are very abundant and the growing and harvesting season was just about perfect. Northern Illinois.