DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to be mostly higher compared to last month, according to prices tracked by DTN for the first week of May 2022.

Seven fertilizers were more expensive, although none were up significantly, which DTN designates as a price move of 5% or more.

DAP had an average price of $1,057/ton (all-time high), MAP $1,081/ton (all-time high), potash $881/ton, 10-34-0 $906/ton, anhydrous $1,534/ton (all-time high), UAN28 $631/ton and UAN32 $730/ton (all-time high).

MAP set a new all-time high last week, continuing the streak of record-breaking movements in the fertilizer segment. According to DTN's 13-year data set, only potash and 10-34-0 have yet to break historical records.

One fertilizer was slightly lower compared to last month, but nothing noteworthy. Urea was slightly less expensive looking back to last month and had an average price of $1,001/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.

In the most recent edition of the North American Agribusiness Review by Rabobank, analysts took a closer look at farm inputs, mainly fertilizer. The Russian invasion of Ukraine has caused a great deal of volatility for the inputs market.

This situation, along with natural gas bearing the brunt of geopolitical scrutiny, has added a second pillar of uncertainly in global fertilizer markets.

"This has resulted in price dislocations and illiquid markets (exacerbated by seasonality) causing fertilizer prices to reach nominal and real-time records in some markets since the conflict began," the report stated. "This uncertainty is likely to persist over the coming months."

North American agricultural producers are likely to see tight markets, with the risk that uncertainty in the global sphere bleeds further into the U.S. Some regions may move earlier than normal to secure supplies for the upcoming season, given the potential long-term risk associated with the war.

Rabobank said there are two big events to watch for in the near future: potential demand destruction among growers due to record high prices and how the Chinese re-enter the global export market of nitrogen and phosphorus. You can read the full report here: https://research.rabobank.com/…

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

10-34-0 is 47% more expensive, MAP is 53% higher, DAP is 67% more expensive, UAN28 is 76% higher, UAN32 is 83% more expensive, urea is 95% is higher, potash is 102% higher and anhydrous is 115% 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.

Canadian fertilizer manufacturer Nutrien has increased fertilizer production in the wake of the invasion of Ukraine by Russia, Dow Jones reported. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
May 3-7 2021	634	705	436	514
May 31-Jun 4 2021	652	712	443	524
Jun 28-Jul 2 2021	677	721	476	542
Jul 26-30 2021	695	753	549	554
Aug 23-27 2021	697	756	569	557
Sep 20-24 2021	709	786	625	585
Oct 18-22 2021	810	863	716	735
Nov 15-19 2021	825	911	769	859
Dec 13-17 2021	858	935	796	901
Jan 10-14 2022	863	932	807	913
Feb 7-11 2022	876	935	815	905
Mar 7-11 2022	919	955	822	901
Apr 4-8 2022	1040	1056	875	1031
May 2-6 2022	1057	1081	881	1001
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
May 3-7 2021	618	712	358	398
May 31-Jun 4 2021	619	719	363	412
Jun 28-Jul 2 2021	625	730	366	421
Jul 26-30 2021	631	737	365	419
Aug 23-27 2021	632	748	370	420
Sep 20-24 2021	633	772	383	436
Oct 18-22 2021	659	940	451	492
Nov 15-19 2021	739	1220	571	651
Dec 13-17 2021	790	1420	579	663
Jan 10-14 2022	796	1430	584	679
Feb 7-11 2022	827	1487	600	699
Mar 7-11 2022	866	1490	603	704
Apr 4-8 2022	901	1534	629	729
May 2-6 2022	906	1534	631	730

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

Follow him on Twitter @RussQuinnDTN

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