“We've got no end in sight to the Black Sea problem. The issue with fertilizer since the start of the Iran conflict is still there and if anything getting worse. U.S. corn yields look concerning after a wet spring and less fertilizer use, and could push prices up.”

Noel Fryer · said 2026-08-20 · reported 2026-08-21

Noel Fryer highlighted unresolved Black Sea conflicts, fertilizer shortages, and lower U.S. corn yields.