News
As the Iran war drives fertilizer prices up 40%, the Trump administration is warning against price gouging. A new survey shows only 60% of corn farmers have secured their nitrogen needs for 2026.
A fast-developing El Niño could bring much-needed rain to the Plains, but timing and coverage remain uncertain. Brian Bledsoe explains what a strong event could mean for drought relief.
While not necessarily new, market factors and growing awareness are putting the spotlight on residual soil fertility deductions.
Rising oil futures offered support to grains
Crude oil surges back above $100 a barrel ahead of U.S. blockade of Strait of Hormuz
Meal prices surged higher overnight, supporting soybeans and extending the recent rally.
With wheat barely a foot tall, the flag leaf is already emerging—a sign the crop is rushing to reproduce under stress, leaving too little structure to support a harvest. Less than 10% may be harvested in West Texas.
Consumer price index out this morning
A temporary two-week ceasefire between the U.S. and Iran, which includes a partial reopening of the Strait of Hormuz, has eased some immediate panic in global fertilizer markets—but it is unlikely to meaningfully improve supply conditions in the near term