# Fertilizer Prices and Company Profits Going into Spring 2023 - farmdoc daily

> University of Illinois and Ohio State economists report that fertilizer prices have trended lower. Illinois Production Cost Report data show anhydrous ammonia falling from $1,434/ton in November 2022 to $1,237/ton by late February 2023. Lower natural gas and corn prices have driven nitrogen declines.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37193-fertilizer-prices-and-company-profits-going-into-spring-2023-farmdoc-daily
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Cheaper nitrogen reduces the cost of grain production, which can ease feed grain pricing over time. Renewed geopolitical or supply disruptions could still reverse the trend.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/02/fertilizer-prices-and-company-profits-going-into-spring-2023.html

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