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Default why does formula not work until I clear referenced cell ??

I'm putting formulas down an excel column but they don't work. Just by
chance I clicked on one of the referenced cells and pressed delete
(although there was nothing visible in it) and the formula then
worked.
e.g, I put formula in cell C2 which references cell B2 in
conjunction with other cells and nothing happens. I click B2 and press
delete and answer to formula now appears in cell C2.
Anyone know how I can deal with this? I have formulas to run down
nearly 300,000 rows and cannot do "press delete" for every occassion.
Thanks.
Colwyn.
 
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