US corn, soybean farmers face rising fertilizer, fuel costs amid Middle East war

US corn and soybean farmers are likely to face pressure from rising fertilizer and fuel costs amid the ongoing war in the Middle East, ahead of the upcoming planting season, US-based market participants said March 31. Average US diesel prices reached $5.4/gallon on March 31, up $1.81 year over year, according to US Energy Information Administration data. Diesel plays a key role in farmingUS corn and soybean farmers are likely to face pressure from rising fertilizer and fuel costs amid the ongoing war in the Middle East, ahead of the upcoming planting season, US-based market participants said March 31. Average US diesel prices reached $5.4/gallon on March 31, up $1.81 year over year, according to US Energy Information Administration data. Diesel plays a key role in farmingRead More