DTN Retail Fertilizer Trends

OMAHA (DTN) -- Significantly higher retail fertilizer prices returned the fourth week of March 2022, according to sellers surveyed by DTN. The last time two fertilizers were double digits higher was the first week of December 2021.

DAP and urea led the way higher. DAP was 16% more expensive compared to last month and has an average price of $1,014 per ton.

DAP is now at the highest level in the history of the DTN data set. The previous high for the phosphorus fertilizer was $984/ton set the first week of November 2008.

Urea was 10% higher compared to last month with an average price of $976/ton. This price continues to be an all-time high.

MAP and 10-34-0 were also up a considerable amount. DTN designates a significant move as anything 5% or more.

MAP is up 10% from last month and had an average price of $1,018/ton. 10-34-0 is 5% more expensive compared to the prior month with an average price of $881/ton.

Three fertilizers were slightly higher compared to a month earlier. Potash had an average price of $850/ton, anhydrous $1,523/ton (all-time high) and UAN28 $622/ton (all-time high).

The remaining fertilizer was slightly lower this month. UAN32 had an average price of $698/ton, a drop from the nitrogen fertilizer's all-time high of $703, which was set last month.

On a price per pound of nitrogen basis, the average urea price was at $1.06/lb.N, anhydrous $0.93/lb.N, UAN28 $1.11/lb.N and UAN32 $1.09/lb.N.

The agreement of a labor dispute by Canadian Pacific (CP) Railway last week was one positive bit of news for fertilizer supply, Dow Jones reported last week. The company and Teamsters Canada Rail Conference reached an agreement to settle their labor dispute via binding arbitration.

"CP is a major supplier of fertilizer, especially potash, to the United States and abroad," Dow Jones reported.

Some potash disruptions might be seen from the short-lived strike, although the main stressor on fertilizer currently is the transportation disruptions in the Black Sea region. Global potash supplies have declined as producers in Russia and Belarus effectively stopped exporting the fertilizer following Russia's invasion of Ukraine, according to the report.

Most fertilizers continue to be considerably higher in price than one year ago.

MAP is now 46% more expensive, 10-34-0 is 47% higher, DAP is 65% more expensive, both UAN28 and UAN32 are 86% higher, urea is 95% more expensive, potash is 99% is higher and anhydrous is 123% higher 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.

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Mar 21-25 2022	1014	1018	850	976
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Mar 21-25 2022	881	1523	622	698

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

Follow him on Twitter at @RussQuinnDTN

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