DTN Retail Fertilizer Trends

LINCOLN, Neb. (DTN) -- Five of eight fertilizer prices tracked by DTN are on the downward slide in the second week of October compared to one month ago, with the starter fertilizer 10-34-0 continuing a significant drop for the second straight week.

For just the second time in six weeks, the price of 10-34-0 was the only fertilizer showing a significant drop, defined by DTN as 5% or greater.

The average price of 10-34-0 was $759 per ton for the second week of October, falling a whopping 12% from one month ago.

Three fertilizers recorded drops of about 2% or higher in price in the past month, including DAP, MAP and potash.

DAP's average price was $925/ton, down about 3% from one month ago. MAP's average price dropped to $986 a ton from $1,009 one month ago, or about 2%. The average price of potash dropped by about 2% to $863/ton. The average price of UAN28 fell fractionally from $578/ton to $576 in this update.

Three fertilizers recorded average price jumps of between 1% and 4% this month.

The average price of anhydrous spiked by about 4% to $1,417/ton since last month. Urea jumped in price by about 2% from $808/ton to $824. UAN 32's average price saw a 1% bump from $665/ton to $670.

Dow Jones reported this week that Brazilian ports have been building fertilizer stocks in their warehouses in recent months, pointing to lower domestic demand and buyers moving up their fertilizer purchases during the Russian invasion of Ukraine.

Dow Jones said total fertilizer imports to Brazil increased by about 3.8% to 27.9 million metric tons in the nine months through September compared to the same period last year, citing a report from Itau BBA. Dow Jones said China was the largest fertilizer supplier to Brazil in September, while Russia was the largest during the first nine months of 2022.

For more on ongoing fertilizer price trends see DTN's fertilizer outlook here, https://www.dtnpf.com/….

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

MAP is 15% higher; DAP is 16% higher, urea is 15% higher and 10-34-0 is 16% higher; potash is 22% higher; UAN28 is 31% more expensive; UAN32 is 37% higher and anhydrous is 62% 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.

Dry
Date Range	DAP	MAP	POTASH	UREA
Oct 11-15 2021	798	860	710	719
Nov 8-12 2021	821	906	762	832
Dec 6-10 2021	840	919	778	887
Jan 3-7 2022	863	931	807	913
Jan 31-Feb 4 2022	877	933	813	905
Feb 28-Mar 4 2022	879	937	815	887
Mar 28-Apr 1 2022	1033	1045	868	1022
Apr 25-29 2022	1049	1082	881	1004
May 23-27 2022	1056	1082	879	989
Jun 20-Jun 24 2022	1040	1058	885	902
Jul 18-22 2022	1007	1043	887	836
Aug 15-19 2022	978	1026	881	807
Sep 12-16 2022	952	1009	877	808
Oct 10-14 2022	925	986	863	824
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Oct 11-15 2021	654	873	442	488
Nov 8-12 2021	719	1162	566	614
Dec 6-10 2021	756	1372	577	661
Jan 3-7 2022	795	1430	584	679
Jan 31-Feb 4 2022	826	1487	600	699
Feb 28-Mar 4 2022	837	1487	603	703
Mar 28-Apr 1 2022	896	1526	637	711
Apr 25-29 2022	906	1534	631	730
May 23-27 2022	906	1531	634	731
Jun 20-Jun 24 2022	905	1497	616	716
Jul 18-22 2022	894	1431	598	696
Aug 15-19 2022	878	1336	576	676
Sep 12-16 2022	861	1369	578	665
Oct 10-14 2022	759	1417	576	670

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on Twitter @DTNeeley

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