DTN Retail Fertilizer Trends

MT. JULIET, Tenn. (DTN) -- Anhydrous fertilizer costs less than half of what it did in 2022, as the nitrogen fertilizer's average retail price continues its summer shrinkage.

The average retail price of all eight major fertilizers declined from the previous month, according to DTN survey data for the fourth week of July 2024. No prices moved more than 5%, a benchmark DTN uses to determine if a price change is significant.

At $677/ton, anhydrous is $14/ton less expensive than last year and $754/ton cheaper than 2022. It also had the largest month-over-month decline of all the fertilizers tracked by DTN at $28/ton.

Two other nitrogen fertilizers saw declines. The average prices of UAN28 and UAN32 dropped to $339/ton and $377/ton, respectively. Those prices are down $6/ton and $11/ton from last month.

DAP prices dropped $15/ton from last month to $745/ton.

Potash prices were $4 lower than last month at $502/ton. MAP prices declined $3 to $818/ton, and urea prices were $2 below last month at $504/ton.

The average price of 10-34-0 was $642/ton, just a few cents lower than last month.

On a price per pound of nitrogen basis, the average urea price was at $0.55/lb.N, anhydrous $0.41/lb.N, UAN28 $0.61/lb.N and UAN32 $0.59/lb.N.

All fertilizers except one are lower compared to one year ago. MAP is 3% more expensive compared to last year. Anhydrous is 2% cheaper; DAP is 6% lower; 10-34-0 is 10% less expensive; UAN28 is 11% lower; urea is 13% lower; potash is 15% less expensive; and UAN32 is 15% cheaper compared to a year prior.

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

In last week's column, we summarized a recent report highlighting how farmers change their buying habits when commodity prices fall. You can read more on that here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
July 24-28 2023	795	791	594	581
Aug 21-25 2023	735	764	557	575
Sep 18-22 2023	702	757	501	566
Oct 16-20 2023	709	791	504	574
Nov 13-27 2023	717	811	511	574
Dec 11-15 2023	713	819	517	540
Jan 8-12 2024	726	807	510	526
Feb 5-9 2024	736	809	508	528
Mar 4-8 2024	760	816	505	564
Apr 1-5 2024	780	828	514	577
Apr 29-May 3 2024	781	830	513	585
May 27-31 2024	781	828	508	537
Jun 24-28 2024	760	821	506	506
Jul 22-26 2024	745	818	502	504
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
July 24-28 2023	715	691	383	442
Aug 21-25 2023	698	622	355	399
Sep 18-22 2023	610	763	352	405
Oct 16-20 2023	612	809	356	418
Nov 13-27 2023	613	843	361	415
Dec 11-15 2023	595	851	339	409
Jan 8-12 2024	600	776	336	391
Feb 5-9 2024	610	773	335	390
Mar 4-8 2024	622	788	344	396
Apr 1-5 2024	633	794	362	405
Apr 29-May 3 2024	641	794	364	418
May 27-31 2024	642	758	356	406
Jun 24-28 2024	642	705	345	389
Jul 22-26 2024	642	677	339	377

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on social platform X at @KatieD_DTN

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