DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to march higher and higher, according to locations tracked by DTN for the first week of April 2022. All fertilizers were higher once again compared to last month.

Leading the way higher was urea. The nitrogen fertilizer was 14% more expensive compared to last month and had an average price of $1,031/ton, which is an all-time high price in the DTN data set.

DAP was 13% higher compared the prior month with an average price of $1,040/ton, an all-time high price. MAP was 11% more expensive looking back a month with an average price of $1,056/ton.

Potash was also up a considerable amount. DTN designates a significant move as anything 5% or more. Potash was 6% more expensive compared to last month and had an average price of $875/ton.

The remaining four fertilizers were slightly higher compared to the previous month. 10-34-0 had an average price of $901/ton, anhydrous $1,534/ton (all-time high), UAN28 $629/ton (all-time high) and UAN32 $729/ton (all-time high).

On a price per pound of nitrogen basis, the average urea price was at $1.12/lb.N, anhydrous $0.94/lb.N, UAN28 $1.12/lb.N and UAN32 $1.14/lb.N.

In recent weeks, DAP moved to an all-time high price in our data set. This now puts five fertilizers (DAP, urea, anhydrous, UAN28 and UAN32) at all-time high price levels.

I wondered how close the remaining three fertilizers are to their all-time high prices.

MAP has an average price of $1,056/ton for the first week of April 2022. The all-time high price for this phosphorus fertilizer was set the first week of November 2008 at $1,079/ton, so we are only $23/ton away from setting a new all-time high price for MAP.

What about potash? The fertilizer's average price currently is $875/ton. The all-time high price for potash is $896/ton, also set the first week of November 2008; so we are just $21/ton away from a new high for potash.

The only fertilizer not threatening its all-time price level is 10-34-0.

Starter fertilizer has an average price of $901/ton the first week of April and the all-time high price is $1,250/ton, set the first week of November 2008. We are still $349/ton away from seeing a new high price in 10-34-0.

If prices continue to climb, we might establish new record high prices in MAP and potash in the coming weeks. The all-time high price for 10-34-0, however, appears to be safe.

For now.

Most fertilizers continue to be considerably higher in prices than one year earlier.

10-34-0 is 49% more expensive, MAP is 51% higher, DAP is 68% more expensive, UAN28 is 85% higher, UAN32 is 93% more expensive, potash is 103% is higher, urea is 105% higher and anhydrous is 122% more expensive compared to last year.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Last week, retail fertilizer prices moved higher lead by DAP, potash and MAP. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
Apr 5-9 2021	618	699	431	504
May 3-7 2021	634	705	436	514
May 31-Jun 4 2021	652	712	443	524
Jun 28-Jul 2 2021	677	721	476	542
Jul 26-30 2021	695	753	549	554
Aug 23-27 2021	697	756	569	557
Sep 20-24 2021	709	786	625	585
Oct 18-22 2021	810	863	716	735
Nov 15-19 2021	825	911	769	859
Dec 13-17 2021	858	935	796	901
Jan 10-14 2022	863	932	807	913
Feb 7-11 2022	876	935	815	905
Mar 7-11 2022	919	955	822	901
April 4-8 2022	1040	1056	875	1031
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Apr 5-9 2021	605	692	341	378
May 3-7 2021	618	712	358	398
May 31-Jun 4 2021	619	719	363	412
Jun 28-Jul 2 2021	625	730	366	421
Jul 26-30 2021	631	737	365	419
Aug 23-27 2021	632	748	370	420
Sep 20-24 2021	633	772	383	436
Oct 18-22 2021	659	940	451	492
Nov 15-19 2021	739	1220	571	651
Dec 13-17 2021	790	1420	579	663
Jan 10-14 2022	796	1430	584	679
Feb 7-11 2022	827	1487	600	699
Mar 7-11 2022	866	1490	603	704
April 4-8 2022	901	1534	629	729

Russ Quinn can be reached at Russ.Quinn@dtn.com

Follow him on Twitter @RussQuinnDTN

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