DTN Retail Fertilizer Trends

OMAHA (DTN) -- According to retail fertilizer prices tracked by DTN for the fourth week of April 2022, prices are somewhat mixed to end the month of April.

Six fertilizers' prices were higher, but none were up significantly. DTN designates a significant move as anything 5% or more.

DAP had an average price of $1,049 per ton, MAP $1,082/ton (all-time high), potash $881/ton, 10-34-0 $906/ton, anhydrous $1,534/ton (all-time high) and UAN32 $730/ton (all-time high).

MAP is now at an all-time high price for the phosphorus fertilizer after tying the all-time high price last week.

Two fertilizers were slightly lower compared to last month but nothing notable.

Urea had an average price of $1,004/ton, while UAN28 was at $631/ton.

On a price per pound of nitrogen basis, the average urea price was at $1.09/lb.N, anhydrous $0.94/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.

Dow Jones reported on Tuesday, May 3, that with the war in Ukraine blowing a hole in global fertilizer supplies, Nutrien is planning on increasing production to fill these deficits.

The Canadian fertilizer company is ramping up its potash output to a record 15 million tons this year. Next year, the company said it is looking at even further production increases.

"If we look at the ability to flex production, a lot of it resides with Nutrien," interim Nutrien CEO Ken Seitz said.

Nutrien's stocks gained 5% on Tuesday.

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 67% more expensive, UAN28 is 81% higher, UAN32 is 87% more expensive, urea is 96% is higher, potash is 103% higher and anhydrous is 116% 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.

Farm equipment manufacturer John Deere could see setbacks in the year due to rising fertilizer prices affecting demand for equipment, Dow Jones reported. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Apr 26-30 2021	629	703	433	513
May 24-28 2021	652	709	443	523
Jun 21-25 2021	670	720	469	541
Jul 19-23 2021	695	750	543	553
Aug 16-20 2021	695	755	564	556
Sep 13-17 2021	702	776	598	572
Oct 11-15 2021	798	860	710	719
Nov 8-12 2021	821	906	762	832
Dec 6-10 2021	840	919	778	887
Jan 3-7 2022	863	931	807	913
Jan 31-Feb 4 2022	877	933	813	905
Feb 28-Mar 4 2022	879	937	815	887
Mar 28-Apr 1 2022	1033	1045	868	1022
Apr 25-29 2022	1049	1082	881	1004
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Apr 26-30 2021	613	710	350	391
May 24-28 2021	619	719	361	407
Jun 21-25 2021	625	724	366	420
Jul 19-23 2021	632	736	365	419
Aug 16-20 2021	631	743	369	420
Sep 13-17 2021	632	762	381	428
Oct 11-15 2021	654	873	442	488
Nov 8-12 2021	719	1162	566	614
Dec 6-10 2021	756	1372	577	661
Jan 3-7 2022	795	1430	584	679
Jan 31-Feb 4 2022	826	1487	600	699
Feb 28-Mar 4 2022	837	1487	603	703
Mar 28-Apr 1 2022	896	1526	637	711
Apr 25-29 2022	906	1534	631	730

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

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