DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first week of September 2022 show most fertilizer prices continue to fall. However, the five-week streak of declines in all eight major fertilizers snapped, as one fertilizer price inched higher.

No fertilizers were noticeably lower or higher. DTN designates a significant move as anything 5% or more.

Seven of the eight major fertilizers were just slightly lower. DAP had an average price of $952 per ton, MAP $1,009/ton, potash $878/ton, urea $800/ton, 10-34-0 $866/ton, anhydrous $1,357/ton and UAN32 $658/ton.

UAN28 was the only fertilizer with a higher price, and it was just slightly more expensive. The nitrogen fertilizer had an average price of $579/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.87/lb.N, anhydrous $0.83/lb.N, UAN28 $1.03/lb.N and UAN32 $1.03/lb.N.

U.S. farmers may see some benefit to a squeeze in natural gas availability with prices in Europe surging in response to halted flows through the Nord Stream pipe, Dow Jones reported. Albert Chu of Newton Investment Management said while low natural gas supplies in Europe will be limited to only heating and electricity, ample natural gas supplies in the U.S. will allow for fertilizer production.

"We have enough molecules to go around," Chu said.

As a result, crops in the U.S. will have the potential to yield better than their European counterparts. Without fertilizers, crop yields likely will be considerably lower, he said.

Despite lower prices in recent months, prices for all fertilizers continue to be considerably higher than one year earlier.

MAP is 33% more expensive, DAP is 36% higher, 10-34-0 is 37% more expensive, urea is 43% higher, potash is 53% more expensive, both UAN28 and UAN32 are 56% higher and anhydrous is 81% 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.

The Russia/Ukraine military conflict will continue to put much uncertainty in the global fertilizer markets in the coming month, according to Rabobank. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Sep 6-10 2021	699	757	575	558
Oct 4-8 2021	736	829	675	653
Nov 1-5 2021	814	900	750	820
Nov 29-Dec 3 2021	836	918	777	873
Dec 27-31 2021	864	931	809	911
Jan 24-28 2022	877	936	814	910
Feb 21-25 2022	874	934	815	885
Mar 21-25 2022	1014	1018	850	976
Apr 18-22 2022	1050	1079	879	1012
May 16-20 2022	1059	1083	878	993
Jun 13-Jun 17 2022	1046	1074	879	961
Jul 11-15 2022	1030	1052	885	861
Aug 8-12 2022	982	1032	881	812
Sep 5-9 2022	952	1009	878	800
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Sep 6-10 2021	631	750	371	422
Oct 4-8 2021	639	803	400	456
Nov 1-5 2021	702	1113	545	604
Nov 29-Dec 3 2021	756	1313	575	661
Dec 27-31 2021	795	1428	583	679
Jan 24-28 2022	817	1492	601	699
Feb 21-25 2022	837	1488	602	703
Mar 21-25 2022	881	1523	622	698
Apr 18-22 2022	906	1534	631	730
May 16-20 2022	906	1529	634	731
Jun 13-Jun 17 2022	905	1516	630	730
Jul 11-15 2022	904	1449	606	701
Aug 8-12 2022	881	1365	578	678
Sep 5-9 2022	866	1357	579	658

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

Follow him on Twitter @RussQuinnDTN

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