# Australian urea price drops 9pc to $724/t, easing farm costs | Farm Online | ACT

> The European Commission cut its 2026-27 maize estimate to 51.9 million tonnes, and private analysts see output possibly falling below 50 million tonnes. French production could halve to its lowest since 1976. Wheat and corn futures strengthened on European crop losses, US Plains dryness, and Black Sea risk.

- Date: 2026-08-18 · published 2026-08-18T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/18195-australian-urea-price-drops-9pc-to-724-t-easing-farm-costs-farm-online-act
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller EU crop means more feedgrain imports, supporting world corn prices and increasing competition for grain from other origins.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +0.0% | +3.9% |
| CORN | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +0.3% | -5.2% |
| CORN | 2026-08-26 | [Global corn market surges, driven by US, Europe crop concerns \| Farm Online \| ACT](https://feedsoft.ai/events/12348-global-corn-market-surges-driven-by-us-europe-crop-concerns-farm-online-act.md) | +3.3% | +5.7% |
| CORN | 2019-06-17 | [Wet weather in US pushes up wheat futures \| Farm Online \| ACT](https://feedsoft.ai/events/58618-wet-weather-in-us-pushes-up-wheat-futures-farm-online-act.md) | -0.8% | -0.8% |
| CORN | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | -0.9% | +6.0% |
| WHEAT | 2017-10-14 | [Australian crop limps towards the line \| Farm Online \| ACT](https://feedsoft.ai/events/68400-australian-crop-limps-towards-the-line-farm-online-act.md) | -0.4% | -3.9% |
| WHEAT | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +9.8% | +9.8% |
| WHEAT | 2019-10-11 | [Analysts predicting lowest crop since 06-07 \| Farm Online \| ACT](https://feedsoft.ai/events/56537-analysts-predicting-lowest-crop-since-06-07-farm-online-act.md) | +4.8% | +2.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/9332248/australian-urea-price-drops-9pc-to-724t-easing-farm-costs/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.