![]() Two reasons have been advanced for this correlation. 72 correlation with national average corn prices reported by the National Agricultural Statistics Service (NASS). For example, monthly anhydrous ammonia prices in Illinois have a. Nitrogen fertilizer prices have historically been related to two fundamental factors: corn prices and natural gas prices.Ĭorn Prices: Over time, rising corn prices coincide with rising anhydrous ammonia prices and vice versa. Since last December, anhydrous ammonia prices have increased $960 per ton, more than doubling in price. On December 3rd, the average price in Illinois for anhydrous ammonia was $1,434 per ton, up by $91 per ton from the price two weeks prior. According to the most recent data from the Agricultural Marketing Service, nitrogen prices have continued to rise into December. Since summer, nitrogen prices have risen dramatically, reaching record-high levels (see Figure 1). In any case, high nitrogen fertilizer prices are likely into the spring, which suggests that large reductions in nitrogen rates need to occur. Supply disruptions caused by Hurricane Ida may help explain recent high prices, but other factors could also be in play. However, in recent months, anhydrous ammonia prices have exceeded levels one would expect, even given higher corn and natural gas prices. Because of current high corn and natural gas prices, one would expect nitrogen prices also to be high. ![]() Nitrogen fertilizer prices are positively related to corn and natural gas prices. Illinois Farmland Leasing & Rental Forms.Illinois Crop Budgets & Historic Returns.Farmland LEasing Facts Sheets & Pricing Information.Illinois Soil Productivity & Yield Utilities.Briomass Crop Budget Tool – Miscanthus & Switchgrass.Appraisal of Current Financial Position.Balance Sheet & Historical Financial Statements.Post Application Coverage Endorsement Tool (Sheet).precision conservation management (PCM). ![]()
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