Clean Ammonia Market Growth and Fertilizer Industry Outlook
Supply challenges have supported crop prices and provide incentive
for growers to boost production
Corn Avg. Realized Price
USD/bushel
Soybean Avg. Realized Price
USD/bushel
$14.30
$6.60
$13.00
$13.30
$6.00
$11.58
$5.26
$10.80
$10.10
$4.46
$4.53
$8.95 $9.47 $9.33
$3.70 $3.61 $3.36 $3.36 $3.61 $3.56
$8.48 $8.57
13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
Futures
Wheat Avg. Realized Price
USD/bushel
13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
Canola Avg. Realized Price
CAD/bushel
Futures
$6.87
$8.90
$7.63
$5.99
$6.15
$4.89
$5.16
$4.72
$5.05
$4.58
$3.89
$11.41 $11.09 $11.54 $12.00 $12.22 $11.27 $10.97 $12.25
$24.38
$19.28
$16.71
Mamilli mumlii
13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
Futures
13/14
14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23E 2023
Futures
Note: 22/23E are estimated prices. 2023 futures prices reference September 2023 Wheat, November 2023 Soybean, December 2023 Corn, and December 2023 Cotton as of May 31, 2023.
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Source: USDA, BloombergView entire presentation