DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to push lower, according to locations tracked by DTN for the first week of August 2022.

For the first time during the current price shift lower, all eight major fertilizers are lower in price compared to last month, and multiple fertilizers are down a substantial amount. DTN designates a significant move as anything 5% or more.

Urea was 6% lower compared to last month. The nitrogen fertilizer had an average price of $812/ton. Anhydrous was down 5% from last month and had an average price of $1,387/ton.

The remaining six fertilizers were slightly lower. DAP had an average price of $1,003/ton, MAP $1,036/ton, potash $883/ton, 10-34-0 $892/ton, UAN28 $592/ton and UAN32 $679/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.85/lb.N, UAN28 $1.06/lb.N and UAN32 $1.06/lb.N.

Fertilizer giant Nutrien announced Tuesday that Ken Seitz has assumed the president and CEO roles of the firm, bumping its interim CEO into the full-time job, Dow Jones reported.

This comes as the fertilizer company seeks to quickly scale up its production amid tight global supplies. The company is working on boosting its annual potash production by 40% by 2025 as the war in Ukraine and sanctions disrupt shipments from major producers in Russia and Belarus.

Seitz has served as Nutrien's interim CEO since January following the departure of its former CEO, Mayo Schmidt, who left the role after less than a year on the job.

Despite lower prices in recent months, all fertilizers continue to be considerably higher in price than one year earlier.

MAP is 37% more expensive, 10-34-0 is 41% higher, DAP is 44% more expensive, urea is 46% higher, potash is 59% more expensive, UAN28 is 61% higher, UAN32 is 62% more expensive and anhydrous is 88% 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/….

Global supplies of anhydrous continue to tighten, which could have a negative effect on ammonia, according to BASF CEO Martin Brudermuller. You can read about that here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
Aug 2-6 2021	695	755	557	556
Aug 30-Sep 3 2021	697	756	571	557
Sep 27-Oct 1 2021	722	800	647	620
Oct 25-29 2021	812	873	731	751
Nov 22-26 2021	830	915	775	868
Dec 20-24 2021	862	932	807	910
Jan 17-21 2022	863	932	807	916
Feb 14-18 2022	874	935	815	891
Mar 14-18 2022	970	1001	843	954
Apr 11-15 2022	1047	1071	875	1017
May 9-13 2022	1059	1083	881	1000
Jun 6-Jun 10 2022	1057	1077	880	977
Jul 4-8 2022	1038	1053	885	866
Aug 1-5 2022	1003	1036	883	812
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Aug 2-6 2021	631	738	367	418
Aug 30-Sep 3 2021	632	749	371	420
Sep 27-Oct 1 2021	638	782	388	444
Oct 25-29 2021	663	982	458	522
Nov 22-26 2021	755	1308	574	660
Dec 20-24 2021	791	1424	583	679
Jan 17-21 2022	800	1433	585	683
Feb 14-18 2022	837	1488	603	703
Mar 14-18 2022	876	1520	610	706
Apr 11-15 2022	906	1534	630	730
May 9-13 2022	906	1529	634	730
Jun 6-Jun 10 2022	905	1518	633	731
Jul 4-8 2022	904	1466	609	702
Aug 1-5 2022	892	1387	592	679

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

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