Average retail prices for all eight fertilizers were lower in the fourth week of june 2024.Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023.
Healthy corn plants are better equipped to withstand environmental pressures such as drought, excessive heat, or nutrient deficiencies.Uan28 was 5% higher in price looking back a month and had an average price of $360/ton.The main revision in the budgets is a reduction in the corn and soybean prices assumed for both 2023 and 2024, resulting in lower return and profitability projections.
Farmers, ranchers and agricultural producers.#1 pair grain sales with fertilizer purchases.
A composite sample should not represent more than 20 acres.Current farmer return expectations are negative for both corn and soybeans across all.Fertilizer price outlook for 2024 gregg ibendahl january 31, 2024.
(for comparison, corn stover is reported to have a c:n ratio of 57:1.) rate of mineralization is also influenced by soil moisture and temperature.Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation.
Though in terms of overall revenue.The remaining six fertilizers were slightly more expensive compared to last month.