Economists are warning fertilizer prices are not jiving with grain values right now, and the situation is approaching near record levels.
Josh Linville with StoneX says the urea to corn ratio is at 99 bushels per ton right now, and UAN is at 79 bushels per ton. Linville says those statistics are the second worst in history for this time of year.
He cites a number of reasons, including plant maintenance, restrictions on Russian imports, and uncertainty out of major supply regions like Trinidad.
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Industry analysts are also monitoring oil markets as global conflicts continue.
Federal officials are nearing the end of investigations into potential criminal and civil violations by fertilizer manufacturers.
RFD News Farm Legal Expert Roger McEowen discusses what he calls “the nitrogen paradox,” fertilizer market dynamics, and how to approach fertilizer decisions moving forward.
Watch whether higher livestock costs and uneven input prices continue squeezing 2026 returns.
