DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail fertilizer prices tracked by DTN continued to move lower in the second week of August 2022.

All eight of the major fertilizers are now lower compared to a month ago. In addition, half of the fertilizers are now down a considerable amount, which DTN designates as anything 5% or more.

Urea was 6% lower compared to last month. The nitrogen fertilizer had an average price of $812 per ton. Anhydrous was also down 6% from last month and had an average price of $1,365/ton.

Both DAP and UAN28 were 5% less expensive compared to a month ago. DAP had an average price of $982/ton, while UAN28 is at $578/ton.

DAP dropped below the $1,000-per-ton level for the first time since the second week of March 2022. That week, the price was $970/ton.

The remaining four fertilizers were just slightly lower. MAP had an average price of $1,032/ton, potash $881/ton, 10-34-0 $8881/ton and UAN32 $678/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.83/lb.N, UAN28 $1.03/lb.N and UAN32 $1.06/lb.N.

The recently passed Inflation Reduction Act will deliver $19.5 billion in new conservation funding. According to a USDA news release (https://www.usda.gov/…), the funding will improve opportunities for nutrient management.

USDA's Natural Resources Conservation Service (NRCS) will target funding, increase program flexibilities and launch a new outreach campaign to promote nutrient management's economic benefits. This is in addition to expanding partnerships to develop nutrient management plans.

"Agriculture has long been at the forefront of our fight against climate change," Agriculture Secretary Tom Vilsack said in the release. "From climate-smart agriculture, to supporting healthy forests and conservation, to tax credits, to biofuels, infrastructure and beyond, the Inflation Reduction Act provides USDA with significant additional resources to continue to lead the charge."

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 40% higher, DAP is 41% more expensive, urea is 46% higher, potash is 56% more expensive, UAN28 is 58% higher, UAN32 is 62% more expensive and anhydrous is 85% 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/….

Nutrien announced last week its interim CEO was assuming the role of president and CEO permanently. You can read about that here: https:///…www.dtnpf.com/agriculture/web/ag/crops/article/2022/08/10/urea-anhydrous-lead-fertilizers.

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Jul 11-15 2022	1030	1052	885	861
Aug 8-12 2022	982	1032	881	812
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Jul 11-15 2022	904	1449	606	701
Aug 8-12 2022	881	1365	578	678

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

Follow him on Twitter @RussQuinnDTN

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