SHOCK Survey! 70% of Farmers CAN'T AFFORD Needed Fertilizer
April 15, 2026
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14:55Now PlayingSHOCK Survey! 70% of Farmers CAN'T AFFORD Needed Fertilizer
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Rising input costs are squeezing US farmers as fertilizer and fuel prices surge following the closure of the Strait of Hormuz. A recent Farm Bureau survey shows 94% of respondents say their financial situation has worsened or stayed the same compared to last year — with smaller operations facing the steepest challenges.
Wheat futures pushed sharply higher Tuesday on deteriorating crop conditions across the Plains. Hot and dry weather has taken a toll, with 54% of Texas winter wheat rated poor to very poor, and Oklahoma close behind at 48%. HRW wheat country is expected to stay dry for at least another 7-10 days.
Tensions between the US and China are heating up, with Treasury Secretary Scott Bessent accusing Beijing of hoarding oil amid the ongoing Iran conflict. China has yet to purchase a single bushel of US soybeans for new crop delivery, despite earlier talk of major long-term commitments.
On a more bullish note for South American supply, Conab raised its outlook for Brazil's soybean crop to a record 179.15mmt, with exports also revised to a record 115.4mmt.
Peace talk optimism sent crude oil tumbling nearly 8% Tuesday, settling around $91/barrel, with WTI trading near $92.50 early this morning. The Nasdaq jumped 2% and the S&P 500 gained 1.1% on hopes that Iran negotiations could resume within days.
USDA also reported flash sales Tuesday — 316,000mt of corn to Mexico and 120,000mt to unknown destinations.
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