# Fertilizer Prices Continue Decline and May Impact Farmers' Nitrogen Decisions - farmdoc daily

> Fertilizer prices in Illinois kept falling through the first half of August 2023, with anhydrous ammonia at $586/t on August 10, down 33% since July 27. The article attributes the decline to expanded global capacity and weaker European demand, and says the narrowing urea premium may shift farmers' nitrogen choices for 2024.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34903-fertilizer-prices-continue-decline-and-may-impact-farmers-nitrogen-decisions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower nitrogen input costs ease grain production economics, and a possible shift toward urea could alter demand patterns for fertilizer and feed grains.

## Read by commodity

- CORN: bearish ▼

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/08/fertilizer-prices-continue-decline-and-may-impact-farmers-nitrogen-decisions.html

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