# Nitrogen Fertilizer Price Spread Sees Crucial Rebalancing

> In February, the US nitrogen fertilizer price spread rebalanced as urea, UAN and anhydrous ammonia offers fell in New Orleans. Corn Belt anhydrous ammonia prices dropped to $795-$840 per short ton from winter-fill offers of $950-$1,100. The decline followed weak global urea demand and lower European natural gas costs.

- Date: 2023-04-01 · published 2023-04-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37197-nitrogen-fertilizer-price-spread-sees-crucial-rebalancing
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower nitrogen offers ahead of spring preplant application reduce farm input costs for US corn growers. The price reset signals softer nitrogen markets into the planting season.

## Read by commodity

- UREA: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/crops/article/2023/03/13/february-sees-crucial-rebalancing

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