UAN 32% (urea-ammonium nitrate solution) is priced at $0.28–$0.36 per gallon in U.S. Corn Belt markets in spring 2026 — approximately $180–$235 per ton. Prices are 10–20% above year-ago levels, driven by nitrogen supply tightness and elevated natural gas costs.
Current Signal: HOLD
Year-over-year change: +10–20%
| Market / Region | Price Range |
|---|---|
| Corn Belt (bulk) | $0.28 – $0.33/gal |
| Corn Belt (delivered) | $0.31 – $0.36/gal |
| Northern Plains | $0.30 – $0.35/gal |
| Per ton equivalent | $183 – $235/ton |
UAN prices move in line with urea and anhydrous ammonia. China nitrogen export restrictions reduced the global pool of nitrogen available for import, tightening the U.S. market and lifting all three products.
UAN commands a logistics premium over dry nitrogen because it requires pressurized or insulated transport. In tight markets, this premium expands as logistics capacity is strained.
UAN is widely used for corn sidedress applications in May–June. This demand concentration creates a spring price premium that historically eases 10–15% by July as field operations complete.
Both urea and ammonium nitrate — the two components of UAN — are made from natural gas. Elevated gas prices in 2025–2026 set a higher production cost floor than the 2021–2022 period.
UAN 32% is priced at $0.28–$0.36 per gallon ($183–$235/ton) in Corn Belt markets in spring 2026.
UAN is typically quoted per gallon. At 11.06 lbs/gallon density, 32% N content, one ton contains approximately 320 lbs of actual nitrogen. To convert: multiply gallons by price/gal × 240 for approximate per-ton cost.
Anhydrous ammonia is significantly cheaper per unit of nitrogen — typically $0.55–$0.70/lb N versus UAN at $0.87–$1.10/lb N. UAN's advantage is ease of application, blend compatibility, and lower equipment cost.
UAN prices typically soften in late June through August as spring sidedress demand ends. Pre-booking fall applications in summer often captures meaningful savings.
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