DTN Retail Fertilizer Trends

OMAHA (DTN) -- All retail fertilizer prices continued to decline in the third full week of March 2023, according to sellers surveyed by DTN. Prices have been on a steady march lower since the beginning of the year.

All eight of the major fertilizer prices were once again lower compared to last month. Four of the eight fertilizers had a sizable price decline, which DTN designates as anything 5% or more.

Leading the way lower was UAN28. The liquid nitrogen fertilizer was 9% lower compared to last month with an average retail price of $429 per ton. Anhydrous was 8% less expensive than a month ago with an average price of $1,036/ton.

UAN32 was 7% lower compared to a month earlier and had average price of $514/ton. Urea was 6% less expensive compared to the previous month with an average price of $627/ton.

The remaining four fertilizers were all just slightly lower compared to the prior month. DAP had an average price of $821/ton, MAP $812/ton, potash $645/ton and 10-34-0 $740/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.68/lb.N, anhydrous $0.63/lb.N, UAN28 $0.77/lb.N and UAN32 $0.80/lb.N.

All fertilizers are now lower by double digits compared to one year ago. 10-34-0 is 16% less expensive, DAP is 19% lower, MAP is 20% less expensive, potash is 24% lower, UAN32 is 26% less expensive, both anhydrous and UAN28 are 32% lower and urea is 36% less expensive compared to a year prior.

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/….

The extreme volatility in the natural gas market is expected to remain into the future, according to Dow Jones. You can read more about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Oct 31-Nov 4 2022	930	981	857	826
Nov 28-Dec 2 2022	926	960	831	795
Dec 26-Dec 30 2022	885	891	765	751
Jan 23-Jan 27 2023	855	865	714	708
Feb 20-Feb 24 2023	836	834	673	666
Mar 20-Mar 24 2023	821	812	645	627
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Oct 31-Nov 4 2022	759	1426	583	680
Nov 28-Dec 2 2022	753	1416	583	681
Dec 26-Dec 30 2022	751	1325	573	679
Jan 23-Jan 27 2023	754	1237	523	630
Feb 20-Feb 24 2023	741	1124	470	554
Mar 20-Mar 24 2023	740	1036	429	514

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

Follow him on Twitter @RussQuinnDTN

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