Source: Chris Clayton, PROGRESSIVE FARMER, 9/30/21

As the 2021 corn and soybean crops are coming out of the fields, the supply situation for fertilizer and other chemicals is shaping up to make 2022 an expensive year for inputs. The move by China earlier this week to ban phosphate exports until at least June of next year puts even more pressure on global phosphate trade. The U.S. doesn't buy much phosphate from China, but the country represents about 30% of world trade. Now China's traditional buyers will be looking elsewhere.

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