DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail fertilizer prices were evenly mixed for the last full week of February, according to sellers surveyed by DTN.

For the first time in more than a year, prices for four fertilizers were slightly lower, while prices for the other four were slightly higher compared to a year ago. DTN designates a significant move as anything 5% or more.

Four fertilizers were slightly lower from a month ago. DAP had an average price of $874 per ton, MAP $934/ton, urea $885/ton and anhydrous $1,488 (all-time high price).

The remaining four fertilizer were slightly higher in price compared to last month. Potash had an average price of $815/ton, 10-34-0 $837/ton, UAN28 $602/ton and UAN32 $703/ton (all-time high price).

On a price per pound of nitrogen basis, the average urea price was at $0.96/lb.N, anhydrous $0.91/lb.N, UAN28 $1.08/lb.N and UAN32 $1.10/lb.N.

Dow Jones news service reported last week that demand for fertilizers through 2022 is expected to be driven by strong agricultural commodity prices, according to the Mosaic Company.

The fertilizer company said growers will try to maximize yields in the next growing season.

Global phosphate demand is high with supply issues remaining.

"China's domestic phosphate industry is undergoing significant change as production is diverted from export markets toward domestic industrial and agricultural demand, a secular trend that could outlast the current short-term export ban," Mosaic told Dow Jones.

Sanctions against Belarus, a major supplier of potash, could have an impact on global potash supply in 2022. The company expects the market to remain very tight this year.

The global fertilizer market is also being affected by continuing supply chain constraints and issues related to the COVID-19 pandemic, Mosaic said.

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

MAP is now 41% more expensive, DAP is 45% higher, 10-34-0 is 57% more expensive, urea is 91% higher, potash is 100% more expensive, UAN32 is 139% higher, UAN28 is 141% more expensive and anhydrous is 174% higher compared to last year.

DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

A Kansas State University agricultural economist takes a closer look at some of the issues to why fertilizer prices are climbing higher. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Feb 22-26 2021	605	661	408	464
Mar 22-26 2021	616	696	428	499
Apr 19-23 2021	627	703	432	510
May 17-21 2021	642	708	440	521
Jun 14-18 2021	661	719	454	531
Jul 12-16 2021	693	730	501	550
Aug 9-13 2021	695	755	563	555
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
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Feb 22-26 2021	532	544	250	296
Mar 22-26 2021	599	684	335	376
Apr 19-23 2021	612	707	348	391
May 17-21 2021	620	716	361	407
Jun 14-18 2021	621	719	365	414
Jul 12-16 2021	624	725	368	418
Aug 9-13 2021	630	740	366	418
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

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

Follow him on Twitter @RussQuinnDTN

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