DTN Retail Fertilizer Trends

Average Price of 10-34-0 Starter Fertilizer Declines 6% From Early September 2022

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of 10-34-0 declined 6% from last month to $813/ton, but it's still 27% more expensive than at this time last year. (DTN Chart)

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

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Russ Quinn