DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first week of October 2022 show most fertilizers are lower than last month.

Six of the eight major fertilizers are slightly lower in price compared to a month ago, while the remaining two are a bit higher. DTN designates a significant move as anything 5% or more.

For the first time in five weeks, a fertilizer's price made a significant move. 10-34-0 was 6% less expensive than last month. The starter fertilizer had an average price of $813/ton.

The remaining five fertilizers were just slightly lower. DAP had an average price of $934/ton, MAP $997/ton, potash $869/ton, UAN28 $565/ton and UAN32 $652/ton.

MAP dropped back below $1,000/ton for the first time since the first week of March 2022. That week the average price was at $955/ton.

Two fertilizers were slightly more expensive compared to last month. Urea had an average price of $826/ton and anhydrous $1,390/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.90/lb.N, anhydrous $0.85/lb.N, UAN28 $1.01/lb.N and UAN32 $1.02/lb.N.

Fertilizer manufacturer Mosaic announced last week its North American phosphates business in Florida was negatively affected by Hurricane Ian, according to a press release from the company. Significant damage from flooding and high winds were seen throughout central Florida, and the storm did "modest damage" to their facilities and supporting infrastructure.

The company's early assessments find that phosphate production could be down by approximately 200,000 to 250,000 metric tons (mt), which will be split evenly in the third and fourth quarters of 2022. Repairs are expected to be completed over the next one to two weeks, according to the company.

In addition to production declines, the timing of shipments was also affected by the storm. Mosaic's phosphates sales volume in the third quarter is now expected to total 1.60 to 1.65 million metric tons (mmt), as port and rail closures delayed late third quarter shipments to October.

You can find the company's full press release here: https://investors.mosaicco.com/…

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

MAP is 20% higher; DAP, urea and 10-34-0 are all 27% more expensive; potash is 29% higher; UAN28 is 41% more expensive; UAN32 is 43% higher and anhydrous is 73% more expensive 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.

A new report from the University of Illinois Extension said retail fertilizers will continue to be higher for the 2023 growing season. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Sep 5-9 2022	952	1009	878	800
Oct 3-7 2022	934	997	869	826
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Sep 5-9 2022	866	1357	579	658
Oct 3-7 2022	813	1390	565	652

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

Follow him on Twitter @RussQuinnDTN

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