# Where are nitrogen fertilizer prices headed? | An official publication of Michigan Farm Bureau

> Michigan Farm Bureau analysis from Illinois and Ohio State economists says anhydrous ammonia could fall to about $700/ton if current corn at $4.40 and natural gas at $2.35/MMBtu hold, while futures imply about $750/ton. Anhydrous has been near $800/ton recently, and the authors note a strong positive correlation between anhydrous, corn and gas prices.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30105-where-are-nitrogen-fertilizer-prices-headed-an-official-publication-of-michigan
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected declines in anhydrous costs ease farmers' margin squeeze, and the link to corn and gas prices means shifts in those markets will drive nitrogen pricing.

## Read by commodity

- CORN: neutral
- NATGAS: neutral

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/where-are-nitrogen-fertilizer-prices-headed-

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