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| Best of NAMA 2025 |
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UREA NITROGEN PRICES HAVE FALLEN 50% SINCE MARCH
Jun. 8, 2022
by Sara Schafer, AgWeb.com
After soaring to record levels, fertilizer prices are finally starting to ease.
Want an example? Josh Linville, vice president of fertilizer at StoneX, says New Orleans urea prices hit $935 per ton last year. Last week, prices were $470 per ton.
"We are half the price we were back in late March," he says. "Everything is trending lower. Just from that simple perspective you're like, how can this not be a time to buy?"
What farmers need to keep in perspective, Linville says, is prices are still at historic levels.
"The prices have today look fantastic compared to the last few months, but we've only seen prices at these high levels two or three times in recent history," he says. "When you start looking at the relationship between corn and urea or corn and UAN, that ratio is still very high versus the last several years."
Also, he says, consider the time horizon: "We are five months away from getting back in the fields in November, we are 10 to 11 months away from next spring. Look at how these things have changed over the course of just a matter of several weeks. Imagine what can happen in a five-to-10-month range."
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