Fertilizer Prices Could Stay Low Through Fall

May 19, 2016 12:00 PM
Fertilizer Prices Could Stay Low Through Fall

Farmers who are keeping a close eye on input costs can breathe a sigh of relief where fertilizer prices are concerned.

“We saw nitrogen prices bottom in late February and early March, and initially it looked like they were really going to take off on us,” said Davis Michaelsen, inputs editor at Pro Farmer, on AgDay. “But then this week in our fertilizer price survey, we noticed that prices started to fall back again. (That) suggests to me that demand is beginning to come back and prices are able to come back down because dealers are starting to come to the end of sales for spring.”

Michaelsen said he expects lower prices to continue for the months to come, but urges farmers to stay alert for buying opportunities. China is selling urea at prices close to breakeven, which is pushing nitrogen prices down. In the U.S., new fertilizer plants will be coming online.

The increased competition likely means good news for farmers as these fertilizer suppliers try to grab market share by offering appealing pricing.

“I like our chances for fall,” Michaelsen said. 

Watch the AgDay story below:

Want more video news? Watch it on AgDay.
Back to news


Spell Check

AgWeb Editor
Mexico, MO
5/24/2016 07:26 AM

  Some of the comments on this article were deleted because they were not in line with AgWeb’s code of conduct. Comments insulting any person or groups of people are not permitted on this site, and will be removed as they are discovered.


Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by QTInfo.com
Brought to you by Beyer