DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continued to be slightly higher again the third week of April 2022, according to sellers surveyed by DTN.

The prices of two fertilizers were higher by a significant amount compared to last month, which DTN designates as 5% or more.

The average retail price of MAP was up 6% compared to last month. The phosphorus fertilizer had an average price of $1,079/ton. This ties the all-time-high price for MAP in our DTN data set. The previous time this level was achieved was the first week of November 2008.

The other fertilizer up considerably in price was UAN32, which was 5% more expensive compared to last month. The liquid nitrogen's average price was $730/ton (all-time high price).

The remaining six fertilizers were slightly higher looking back to last month. DAP had an average price of $1,050/ton (all-time high), potash $879/ton, urea $1,012/ton (all-time high), 10-34-0 $906/ton, anhydrous $1,534/ton (all-time high) and UAN28 $631/ton (all-time high).

On a price per pound of nitrogen basis, the average urea price was at $1.10/lb.N, anhydrous $0.94/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.

Farm machinery manufacturer John Deere could see setbacks in the year ahead, as rising fertilizer prices and other input costs could affect demand for equipment from farmers, according to Dow Jones. Analysts at Bank of America said in a research note that Deere is concerned about farmers' costs in the future.

Overall, farmers appear to be set for an "excellent year" of profitability in 2023, but sentiment on big investments appears to be rolling over.

"A higher-than-expected number of dealers are complaining that soaring fertilizer costs could come out of new equipment budgets," according to Bank of America, Dow Jones reported.

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

10-34-0 is 48% more expensive, MAP is 54% higher, DAP is 68% more expensive, UAN28 is 81% higher, UAN32 is 87% more expensive, urea is 99% is higher, potash is 103% higher and anhydrous is 117% 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.

We look at the three fertilizers not at their all-time high prices and how close they really are to reaching those levels. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Apr 18-22 2022	1050	1079	879	1012
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Apr 18-22 2022	906	1534	631	730

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

Follow him on Twitter @RussQuinnDTN

(c) Copyright 2022 DTN, LLC. All rights reserved.