DTN Retail Fertilizer Trends

MT. JULIET, Tenn. (DTN) -- Retail fertilizer prices continue to drift lower like they have much of the summer, according to retailers tracked by DTN for the fourth week of July 2022. But with anhydrous still costing more than $1,400 per ton, the lower prices are unlikely to offer farmers much peace of mind.

While prices for seven of the eight major fertilizers are lower, none dropped by a significant amount, which DTN considers a price change of 5% or more in a month.

For phosphates, the average price of DAP was $1,005 per ton, while MAP cost $1,041/ton.

Nitrogen fertilizers prices declined by 1% to 3% compared to last month. Urea had an average price of $836/ton; anhydrous, $1,431/ton; UAN28, $596/ton; and UAN32, $693/ton.

The average price of starter 10-34-0 fertilizer was $894/ton.

The only fertilizer with a slightly higher price was potash at $887/ton.

On a price per pound of nitrogen basis, the average urea price was $0.91/lb.N, anhydrous $0.87/lb.N, UAN28 $1.06/lb.N and UAN32 $1.08/lb.N.

Global supplies of anhydrous continue to tighten as Europe reduced its reliance on natural gas from Russia. Last week, BASF announced it would reduce production of ammonia amid Moscow's decision to reduce natural gas flows on the Nord Stream pipeline to 20% of capacity.

BASF CEO Martin Brudermuller said skyrocketing natural gas prices pose a unique burden because the company uses it to generate power for many of its plants as well as a feedstock for products, Dow Jones Newswires reports.

"Ammonia is in a difficult situation. Next year's availability of fertilizer might be worse. Fertilizer prices are skyrocketing," Brudermuller said. You can find more of Brudermuller's comments here: https://www.basf.com/….

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

MAP is 38% more expensive, 10-34-0 is 42% higher, DAP is 45% more expensive, urea is 51% higher, potash is 62% more expensive, UAN28 is 63% higher, UAN32 is 66% more expensive and anhydrous is 94% 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.

Even though fertilizer prices have stabilized or declined since Russia's invasion of Ukraine, prices remain significantly elevated and may deter farmers from pricing their fertilizer ahead of time. You can read more here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
May 30-Jun 3 2022	1056	1079	880	979
Jun 27-Jul 1 2022	1039	1053	885	867
Jul 25-20 2022	1005	1041	887	836
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
May 30-Jun 3 2022	905	1529	633	731
Jun 27-Jul 1 2022	904	1466	611	702
Jul 25-20 2022	894	1431	596	693

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on Twitter at @KatieD_DTN

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