DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail price moves were evenly mixed for the eight major fertilizers in the second week of February 2024, according to sellers surveyed by DTN.

Breaking a streak of six straight weeks when most fertilizer prices declined, prices for half of the eight major fertilizers were slightly lower than last month while prices for the other half were slightly higher.

For the third week in a row, no fertilizer price was up or down substantially like we have seen in recent weeks. DTN designates a significant move as anything 5% or more.

Prices for four fertilizers were down just slightly from the previous month. Potash had an average price of $508 per ton, anhydrous $773/ton, UAN28 $335/ton and UAN32 $390/ton.

Prices for the remaining four fertilizers, meanwhile, were just slightly higher than last month. DAP had an average price of $736/ton, MAP $809/ton, urea $528/ton and 10-34-0 $610/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.57/lb.N, anhydrous $0.47/lb.N, UAN28 $0.60/lb.N and UAN32 $0.61/lb.N.

All fertilizers except one are now lower by double digits compared to one year ago. MAP is 6% lower, DAP is 12% less expensive, 10-34-0 is 19% lower, urea is 24% less expensive, potash is 27% lower, both UAN28 and UAN32 are 33% less expensive and anhydrous is 37% lower compared to a year prior.

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/….

High fertilizer costs are causing some farmers across the world to protest, according to Dow Jones. You can read more about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Feb 6-Feb 10 2023	840	857	694	693
Mar 6-Mar 10 2023	825	823	657	643
Apr 3-7 2023	818	809	642	625
May 1-5 2023	826	805	623	599
May 29-Jun 2 2023	824	832	620	622
June 26-30 2023	825	829	620	616
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
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Feb 6-Feb 10 2023	755	1220	499	579
Mar 6-Mar 10 2023	740	1059	436	522
Apr 3-7 2023	740	1002	423	507
May 1-5 2023	739	926	424	507
May 29-Jun 2 2023	739	791	413	478
June 26-30 2023	731	753	396	468
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

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

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