DTN Retail Fertilizer Trends

OMAHA (DTN) –- Average retail prices for all but one fertilizer tracked by DTN continued to be lower than a year ago in the third week of December 2022. And for the first time in several months, one fertilizer was significantly lower. DTN designates a substantial move as anything 5% or more.

Potash was 5% less expensive compared to last month with an average price of $807 per ton.

Retail prices for six other fertilizers were also slightly less expensive. DAP had an average price of $902 per ton, MAP $939/ton, urea $779/ton, 10-34-0 $750/ton, anhydrous $1,415/ton and UAN28 $579/ton.

The remaining fertilizer, UAN32, was just slightly more expensive than last month with an average price of $682/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.85/lb.N, anhydrous $0.86/lb.N, UAN28 $1.03/lb.N and UAN32 $1.07/lb.N.

During the recent virtual 2022 DTN Ag Summit, attendees were asked several poll questions. One of those questions was: What best describes your fertilizer purchasing plan for the 2023 growing season?

Forty-five percent responded with "I have already purchased all of my fertilizer needs for 2023," while 30% responded with "I've already purchased some of my 2023 fertilizer."

Forty-five percent responded with "I have already purchased all of my fertilizer needs for 2023," while 30% responded with "I've already purchased some of my 2023 fertilizer."

Three-quarters of those who took the poll have already purchased some or all their 2023 fertilizer needs, which is kind of interesting. Apparently, many producers were willing to lock in their fertilizer needs despite fertilizer prices remaining at elevated levels.

Fertilizer prices are now nearly evenly mixed at higher or lower from one year earlier. This week, four fertilizers are lower while the other four are higher.

Both anhydrous and UAN28 are now 1% lower, while 10-34-0 is 5% less expensive and urea is 14% compared to last year. Both MAP and potash are 1% higher, while UAN32 is 3% more expensive and DAP is 5% higher compared to one year earlier.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Looking ahead to 2023, one of the challenges facing U.S. agriculture will be lower-forecast farm income thanks to rising input prices, according to a recent report from CoBank. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Nov 14-18 2022	930	978	848	812
Dec 12-Dec 16 2022	902	939	807	779
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Nov 14-18 2022	753	1415	584	681
Dec 12-Dec 16 2022	750	1415	579	682

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

Follow him on Twitter @RussQuinnDTN

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