# Think fertilizer prices are too high? Expert says look at the ratios, monitor global events | An official publication of Michigan Farm Bureau

> StoneX fertilizer analyst Josh Linville said 2023 fertilizer prices are heading in the right direction but remain driven by Russia's invasion of Ukraine, sanctions and natural gas. He noted the corn-to-urea price ratio was the lowest since 2018 and European gas had fallen about 80% from its peak.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37258-think-fertilizer-prices-are-too-high-expert-says-look-at-the-ratios-monitor
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A low corn-to-urea ratio improves the affordability of nitrogen for producers, which can support corn planting and supply, while falling gas costs point to lower nitrogen prices ahead.

## Read by commodity

- CORN: neutral
- UREA: bearish ▼
- NATGAS: bearish ▼

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/think-fertilizer-prices-are-too-high-expert-says-look-at-the-ratios-monitor-global-events

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