Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 9/25/18

August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019.  So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production.  DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher.  Higher fertilizer prices then lead to higher fertilizer costs.  Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans.  Cost increases will end a string of yearly declines in fertilizer costs that began in 2012.

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