DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the third week of September 2022 continue to show varied prices. Five of the eight major fertilizers are lower in price compared to a month ago, while the remaining three are higher.

DTN designates a significant move as anything 5% or more, and no fertilizers were considerably lower or higher.

Five of the eight major fertilizers were just slightly lower. DAP had an average price of $950/ton, MAP $1,005/ton, potash $875/ton, 10-34-0 $860/ton, and UAN32 $670/ton.

Three fertilizers were slightly more expensive than they were a month ago. Urea had an average price of $811/ton, anhydrous $1,376/ton and UAN28 $578/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.84/lb.N, UAN28 $1.03/lb.N and UAN32 $1.05/lb.N.

USDA Secretary Tom Vilsack announced on Tuesday that $500 million in grants will be available to increase American-made fertilizer production in the wake of prices hikes on U.S. farmers caused by the war in Ukraine, according to a USDA press release (https://www.usda.gov/…).

The Fertilizer Production Expansion Program is part of a whole-of-government effort to promote competition in agricultural markets. The funds are being made available through the Commodity Credit Corporation.

Grants will be used to support independent, innovative and sustainable fertilizer production to supply American farmers. Funds also will expand the manufacturing and processing of fertilizer and nutrient alternatives in the U.S. and its territories.

The maximum award will be $100 million, while the minimum award will be $1 million. The grant term is for five years, and USDA will begin accepting applications in the coming days via www.grants.gov.

"USDA believes in the growth of innovative, local businesses owned and shared by people who can best serve their own unique community's needs, fill gaps, and build opportunities," Vilsack said. "Recent supply chain disruptions have shown just how critical it is to invest in the agricultural supply chain here at home."

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

MAP is 28% more expensive, DAP is 34% higher, 10-34-0 is 36% more expensive, urea is 39% higher, potash is 40% more expensive, UAN28 is 51% higher, UAN32 is 54% more expensive and anhydrous is 78% 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.

Farmers in Africa are turning to organic fertilizer with commercial fertilizer prices being double or even tripled since Russia's war on Ukraine has begun limiting fertilizer supplies, according to Dow Jones. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Aug 22-26 2022	972	1026	880	804
Sep 19-23 2012	950	1009	875	811
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Aug 22-26 2022	869	1331	575	676
Sep 19-23 2012	860	1376	578	670

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

Follow him on Twitter @RussQuinnDTN

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