Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Corn Ethanol Is Driving a Surge in Fertilizer Costs
Episode 110 of The Commodities Economy dives into the unexpected link between skyrocketing corn prices and a surge in fertilizer costs. With July 2026 corn futures up over 7% in a week, we explore how higher corn acres are driving demand for nitrogen-based fertilizers, which in turn are boosting natural gas prices (a key input) and squeezing margins for other crops. Lucas and Luna break down the mechanics using real data, including corn at $4.59 per bushel, natural gas at $2.88 per MMBtu, and the latest CPI print. They also discuss the geopolitical backdrop, including tensions in the Strait…
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