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US Midwest ammonia prices rose to about $875 per short ton, up from roughly $600 in late June 2025, according to a CRU and Fertilizer Institute report published November 2. Ammonia imports from Trinidad and Tobago fell about 34% in 2025, and Nutrien shut its Trinidad nitrogen operations.
Farm groups in Iowa, Ohio and Texas warned that fertilizer costs are eroding the $8 billion diesel support program.
Higher nitrogen input costs during the autumn application season squeeze US grain margins and can shift acreage and demand toward soybeans, while supporting nitrogen-linked prices.
piqmarkets.comNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
