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Bloomberg Spot Commodity Index surpasses 2022 peak as energy markets soar
The situation in Iran drove fertilizer prices higher this week while raising shortage fears. Analysts warn higher input costs could shift up to 1 million 1.5 million acres from corn to soybeans this spring.
USDA is urging farmers to respond to 2026 acreage surveys as skepticism grows over recent corn acreage revisions. Officials say stronger participation is key to maintaining the accuracy and credibility of crop reports.