DTN Retail Fertilizer Trends

LINCOLN, Neb. (DTN) -- The starter fertilizer 10-34-0 led the average price drop on five of eight fertilizers tracked by DTN in the third week of October, continuing to show a significant drop for the third consecutive week.

The average price of 10-34-0 came in 12% lower compared to one month ago at $759 per ton. DTN defines a significant drop in price as 5% or higher.

Two fertilizers recorded price drops of 2% including MAP and DAP. The average price of DAP came in at $930/ton while MAP was $986. The average price of potash fell by 1% to $863/ton. The price of UAN28 dropped fractionally to $576/ton.

Three fertilizers tracked by DTN showed increases in average prices. Anhydrous recorded a 3% increase to $1,419/ton, urea a 2% hike to $826/ton, and UAN32 was up 1% to $678/ton.

The Leader-Telegram in Eau Claire, Wisconsin, reported Monday that construction is underway on a $20 million fertilizer plant near Stanley.

Loyal-based Northside Elevator bought 74 acres west of Stanley to build a plant that will be able to store about 14,000 tons of fertilizer. In addition, the company reportedly is building a 40,000-square-foot warehouse and 1,500-square-foot office space. The project also includes the construction of a tower system fertilizer manufacturing plant.

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

MAP is 14% higher; DAP is 15% higher, urea is 12% higher and 10-34-0 is 15% higher; potash is 21% higher; UAN28 is 28% more expensive; UAN32 is 38% higher and anhydrous is 51% 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 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 2022	950	1005	875	811
Oct 17-21 2022	930	986	863	826
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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 2022	860	1376	578	670
Oct 17-21 2022	759	1419	576	678

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

Follow him on Twitter @DTNeeley

(c) Copyright 2022 DTN, LLC. All rights reserved.