Sprayer in soybean field on sunny dayAs farmers continue to voice concerns over input prices, as evidenced by the latest Ag Economy Barometer, the market is showing signs of optimism. A five-week trend found that 7 of 8 major fertilizers saw a dip in average price, according to a survey conducted by DTN. Urea dropped 11% from May, at an average price of $867/ton, while nitrogen prices fell below $900/ton, a welcomed sight for farmers who hadn’t seen this since February of this year.

While easing prices brings welcomed hope to farmers, fertilizer prices remain high above this point of last year. Anhydrous averaged $1,466/ton in June, $63 below May prices but still nearly double the price in 2021.

Read more on easing input prices.