DTN Retail Fertilizer Trends

Five of Eight Fertilizer Prices Lower, 10-34-0 Continues to Lead Downward Moves

Todd Neeley
By  Todd Neeley , DTN Environmental Editor
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Anhydrous saw a 3% increase in its average price tracked by DTN, leading the way for three of the eight fertilizers that moved higher. (DTN chart)

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

Todd Neeley

Todd Neeley
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