Recently our fertilizer buyer Larry Talmage passed on this information from the publication Green Markets.
With the increase in Corn acres comes higher fertilizer demand (Soybeans are less fertilizer intensive). With that said Larry has indicated to us that mid term this will drive up the price of N fertilizer.
March 30, 2012
USDA reports huge increase in corn acresUSDA released its Prospective Plantings report on March 30, declaring that U.S. corn growers intend to plant 95.9 million acres of corn for all purposes in 2012, up 4 percent from last year and 9 percent higher than in 2010. If realized, USDA said this will represent the highest planted acreage in the U.S. since 1937, when an estimated 97.2 million acres were planted.