# Nitrogen fertiliser prices up in July – is there more to come? Grain market daily | AHDB

> UK spot nitrogen prices rose in July, with UK-produced ammonium nitrate averaging £353/t, up £9/t, and granular urea up £46/t to £397/t. UK feed wheat futures for November fell to their lowest level since June on larger Russian crop forecasts. The USDA also reported better US maize and soybean crop ratings than expected.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/34902-nitrogen-fertiliser-prices-up-in-july-is-there-more-to-come-grain-market-daily
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher fertilizer costs raise production expenses for grain growers, while larger Russian wheat crops and better US crop ratings weigh on feed grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- UREA: bullish ▲
- WHEAT: bearish ▼

## Sources

- ahdb.org.uk: http://www.ahdb.org.uk/news/nitrogen-fertiliser-prices-up-in-july-is-there-more-to-come-grain-market-daily

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