# Where next for fertiliser prices? Analyst's Insight | AHDB

> UK feed wheat May-21 futures fell £3.25/t to £199.65/t as sterling strengthened, while Chicago corn fell 5.6% after USDA raised Chinese corn stocks and a 132Kt export sale was cancelled. The analyst notes sharp early-2021 fertiliser price increases, with ammonium nitrate offers withdrawn and reissued at higher levels.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48944-where-next-for-fertiliser-prices-analyst-s-insight-ahdb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Urea](https://feedsoft.ai/c/UREA.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rising fertiliser costs squeeze grain margins and feed input budgets, while weaker corn and UK wheat futures lower the price of feed ingredients in the near term. Energy-linked fertiliser strength is only partly explained by gas and oil.

## Read by commodity

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

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/where-next-for-fertiliser-prices-analyst-insight

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