FCC sees strong crop prices for this year’s cropsFertilizer prices will remain a challenge in 2023. The prices have been influenced by the combination of low beginning stocks and high global demand for most crops. “The supply-demand imbalance that could best be offset by a good northern hemisphere harvest of the 2022-23 crop. That has happened, but only to a certain extent across major field crop production this year,” FCC said. Reports of strong crops in Russia and China, the continued possibility of open borders in the Black Sea region, and excellent soy trade out of South America, may prove to weaken some crop prices in the coming months.

Source: National Post October 20, 2022 16:43 UTC