“Surprised they aren’t higher": Economists are caught off guard by the lack of fertilizer price action

Fertilizer costs are also top of mind during geopolitical turmoil.

Josh Linville with StoneX says the numbers are telling an interesting story right now.

“Truthfully, I have been surprised prices haven’t been higher. What other things have been keeping a lid on these fertilizer prices from going higher than where they are today is lower grain prices. Obviously, farmers everywhere are talking about the fact that grain prices are not great, they’re not attractive, and so that is keeping the lid because I think the fertilizer industry knows the farmers just can’t buy these values, certainly not ahead of next spring.”

Fertilizer prices have been relatively steady over the last few days. Analysts with DTN found no significant moves last week, with anhydrous falling in price over the last month. Seven of the eight major types are more expensive than a year ago, with urea holding 25 percent above 2024. Potash, on the other hand, is lower in price, falling around seven percent on the year.

Related Stories
“Farmers for Free Trade” warns that disaster is brewing as President Trump’s trade policy is causing farm input costs to rise even more.
Tidal Grow Agri-Science joins us to celebrate Global Fertilizer Day, sharing how innovation continues to drive American agriculture forward.
ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
AFBF Associate Economist Samantha Ayoub joins us to dive into H-2A visa program changes and what can be done to ease the pressure on producers.
U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.

LATEST STORIES BY THIS AUTHOR:

Fertilizer relief may be limited despite the reopening of the Strait of Hormuz this week. AgriSompo’s Brooks York discusses marketing strategies, crop insurance considerations, and other tips for producers navigating volatility this planting season.
$2 million project tests fogging system to stop the virus in poultry facilities
Overall, the report suggests a shift toward more comfortable supply levels, with demand emerging as a key factor to watch in the months ahead.
Dr. Jeffrey Gold with the University of Nebraska joined us to explain public health in rural communities and highlight resources residents can access to stay healthy
ASFMRA’s Howard Halderman gives an update on Corn Belt farmland values, buyer activity, and what to expect for the rest of 2026 as geopolitical tensions and bridge payments move
Tidal Grow’s Align-N system delivers urea nitrogen directly to leaves, improving nutrient efficiency and boosting crop yields for farmers.