Fertilizer shock ripples into food prices, strait crisis starts hitting grocery bills. Your eggs look simple, but the costs behind them just jumped everywhere. Hormuz disruption threatens the income lifeline of over 100 million people.
The egg on your plate this morning was made from corn. Not literally. But the hen that laid it ate roughly two pounds of feed for every dozen eggs she produced. That feed was primarily corn and soybean meal. The corn was grown with nitrogen fertiliser at $610 per ton on the CBOT March settlement. …
