DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continued to move just slightly lower the second full week of June 2022, according to retailers surveyed by DTN. This is the third week in a row that most prices were less expensive.

Seven of the eight major fertilizers prices were lower compared to last month, but none were down a considerable amount. DTN designates a significant move as anything 5% or more.

DAP had an average price of $1,046 per ton, MAP $1,074/ton, potash $879/ton, urea $961/ton, 10-34-0 $905/ton, anhydrous $1,516/ton and UAN28 $630/ton.

One fertilizer was slightly more expensive compared to last month but nothing significant. UAN32 had an average price of $730/ton.

On a price per pound of nitrogen basis, the average urea price was at $1.04/lb.N, anhydrous $0.92/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.

While high fertilizer prices affect crop producers, they also affect those who have pasture and graze livestock. In a post titled "Fertilizer Prices and Pasture/Grazing Management" from Penn State University (PSU) Extension (https://extension.psu.edu/…), those with pasture can implement certain practices to limit their exposure to expensive nutrients.

As with all crops, soil testing remains an important guide to fertility management. Pastures with lower-than-optimal pH should be given priority in the fertilizer budget, the PSU report said.

Manure could be another way around having to purchase expensive commercial fertilizer.

"Manure from wintering barns can be applied on pastures that are deficient in phosphorus and potassium," the PSU report said.

An efficient rotational grazing system will foster nutrient distribution in pastures. Moving livestock to a new paddock every few days will help to distribute manure and urine more efficiently.

Pasture managers can plant legumes within grass pastures to limit their needs on nitrogen fertilizer, according to the report. These plants will limit the amount of nitrogen grasses will need, as legumes will create some nitrogen.

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

10-34-0 is 46% more expensive, MAP is 49% higher, DAP is 58% more expensive, UAN28 is 73% higher, UAN32 is 76% more expensive, urea is 81% is higher, potash is 94% higher and anhydrous is 111% 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.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

An agreement to extend a $2 million partial trade agreement in the African country of Ghana will help the country's farmers have access to more fertilizer. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
May 16-20 2022	1059	1083	878	993
Jun 13-Jun 17 2022	1046	1074	879	961
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
May 16-20 2022	906	1529	634	731
Jun 13-Jun 17 2022	905	1516	630	730

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

Follow him on Twitter @RussQuinnDTN

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