Wednesday, October 20, 2021 5:00AM CDT
Drastic price increases continue to define the retail fertilizer market as farmers report more problems locking in prices. The average cost of urea is 26% more expensive than last month. DAP, MAP, potash, anhydrous UAN28 and UAN32 saw 11% to 19% increases.
Tuesday, October 19, 2021 3:39PM CDT
Agricultural groups wrote a formal objection to EPA, making the case that the pesticide chlorpyrifos is vital to helping a variety of commodities reduce pest risks for crops. EPA revoked the feed and food tolerance levels for the pesticide, effectively banning its use for agriculture.
December corn is up 2 1/2 cents per bushel, November soybeans are up 8 1/4 cents, and December KC wheat is up 1/4 cent.
Traders are not expecting much this week in cattle futures, which will keep the market choppy. The Cattle on Feed report will be released on Friday and may keep trading activity sideways until then. Hogs took a beating Tuesday moving to the bottom of the recent range and likely poised to close the price gap.