DTN Retail Fertilizer Trends

OMAHA (DTN) -- The majority of fertilizers continue to be less expensive for the third week of June 2022, according to fertilizer prices tracked by DTN. This trend has been in place for a month now.

Seven of the eight major fertilizers prices were lower compared to last month, including one down considerably. DTN designates a significant move as anything 5% or more.

Urea was 9% lower compared to last month. The nitrogen fertilizer had an average price of $902/ton, an $87/ton decline.

DAP had an average price of $1,040/ton, MAP $1,058/ton, 10-34-0 $905/ton, anhydrous $1,497/ton, UAN28 $616/ton and UAN28 $716/ton.

One fertilizer was slightly more expensive compared to last month but nothing substantial. Potash had an average price of $885/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.98/lb.N, anhydrous $0.91/lb.N, UAN28 $1.10/lb.N and UAN32 $1.12/lb.N.

With lower fertilizer prices in the third week of June, it's almost a return to the past. This was a normal trend we would see after the spring planting and fertilizer application seasons.

With less fertilizer demand, nutrient prices would normally drop some in June/July and then firm somewhat once retailers refilled their inventories over the summer. Fertilizer prices would firm again in the fall as demand would increase as application would happen.

This trend has seen some adjustment over the years with the emergence of side dressing operations becoming more popular. Fertilizer prices would drop in early June, but then this seasonal drop started happening later, into late June and into July as there continued to be fertilizer demand in early June.

Of course, we didn't see this downtrend at all in 2021. Retail fertilizer prices were continuously moving higher during last year.

It will be interesting to see what happens in the coming weeks and months. I'm not sure the return of this trend means fertilizer prices are destined to be lower, but it is kind of nice to be able to see something "normal" with fertilizer market trends, especially after last year.

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

10-34-0 is 45% more expensive, MAP is 47% higher, DAP is 55% more expensive, urea is 67% higher, UAN28 is 68% more expensive, UAN32 is 70% higher, potash is 89% more expensive and anhydrous is 107% 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.

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

Those farmers who graze livestock also saw a large increase in their fertilizer budgets for nutrients for grasslands this growing season. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
May 23-27 2022	1056	1082	879	989
Jun 20-Jun 24 2022	1040	1058	885	902
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
May 23-27 2022	906	1531	634	731
Jun 20-Jun 24 2022	905	1497	616	716

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

Follow him on Twitter @RussQuinnDTN

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