Anhydrous, Nitrogen Prices Drop Significantly in First Week of June

While fertilizer prices have been trending lower, most saw an increase in the last week of May. Even so, six of the eight major fertilizers are still lower in price compared to the previous month. Two fertilizers are significantly less expensive.

Anhydrous was 15% lower than the prior month, and nitrogen fertilizer saw an average of $791/ton. Urea was 6% lower, with an average price of $622/ton. The decrease in major fertilizers needed for the growing season comes at a welcome time.

Purdue’s Ag Economy Barometer fell to its lowest reading since July 2022, coming in at 19 points under April’s reading of 123.

Read more on fertilizer price trends here.