DTN Retail Fertilizer Trends

All Eight Retail Fertilizer Prices Move Lower, With Four Down Significantly

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price for UAN28 was 9% lower compared to last month at $429 per ton the third full week of March 2023. (DTN chart)

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.

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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

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Russ Quinn