3 Factors to Watch for Clues to the Future of Fertilizer Prices
| | | | Machinery Pete: Grain Trailers, Semis and Trucks ... Oh My! | | In the past 12 months, Machinery Pete has seen 85 grain trailers sell for more than $40,000 at auction — 11 of which sold for $50,000. In 2018, only six grain trailers sold for more than $40,000 at auction. Why would buyers pay such high prices? They want machinery — now. | | | |
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| 3 Factors to Watch for Clues to the Future of Fertilizer Prices | Why are prices so high? “In the last 24 months we have seen a stupid number of black swans,” says Josh Linville, director of fertilizer for StoneX. Even though the U.S. produces a large amount of nitrogen and phosphate fertilizers, we still import nearly 20% of our fertilizer needs, and the global market is shaky to say the least. For 2023, plan on fertilizer being an even bigger chunk of your production costs. | Read More |
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