Spring Nitrogen Prices Predicted to Soar on Rising Gas Futures

Nitrogen fertilizer prices are predicted to rise ahead of the spring application season, according to a forecast from Kansas State University agricultural economist Gregg Ibendahl. The model suggests anhydrous ammonia prices will peak at $1,044 per ton in March before falling to $876 by August.

Urea is also expected to see a price increase, with forecasts suggesting it will reach $705 in April before easing to $622 by August.

The projected rise in nitrogen prices is largely driven by European natural gas futures, which are expected to strengthen before declining later in 2027. Ibendahl notes that fertilizer markets typically respond to changes in gas prices after a roughly two-month lag.