DTN Retail Fertilizer Trends

OMAHA (DTN) -- For the first time in several months retail fertilizer prices are somewhat varied, according to prices tracked by DTN for the first week of May 2023.

Five of the eight major fertilizer prices are lower compared to last month while the remaining three are higher. DTN designates a significant move as anything 5% or more.

Anhydrous continues to lead fertilizer prices lower. The nitrogen fertilizer was 8% lower compared to last month and had an average price of $926/ton.

Four other fertilizers were just slightly lower compared to last month. MAP had an average price of $805/ton, potash $623/ton, urea $599/ton and 10-34-0 $739/ton.

Three fertilizers, meanwhile, were slightly higher compared to last month. DAP had an average price of $826/ton, UAN28 $424/ton and UAN32 $507/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.65/lb.N, anhydrous $0.56/lb.N, UAN28 $0.76/lb.N and UAN32 $0.79/lb.N.

AdvanSix announced last week it will increase its production of granular ammonium sulfate, a compound used in many fertilizers, by 20%, according to Dow Jones. The Parsippany, N.J.-based chemical company said its goal was to increase production by about 200,000 tons a year.

"AdvanSix's SUSTAIN project will ensure that the premium granular product variety required by the U.S. market can be produced domestically, increasing resiliency in the local fertilizer market," according to the company.

The company anticipates an improvement in ammonium sulfate domestic sales volume in the second quarter in a lower nitrogen and raw material pricing environment.

All fertilizers are now double digits lower compared to one year ago. 10-34-0 is 18% less expensive, DAP is 22% lower, MAP is 26% less expensive, potash is 29% lower, UAN32 is 31% less expensive, UAN28 is 33% lower and both anhydrous and urea are 40% 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/….

Forage producers can avoid the costly guessing game of how much fertilizer to apply by doing a simple soil test, according to the University of Missouri Extension. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Jan 9-Jan 13 2023	868	875	742	732
Feb 6-Feb 10 2023	840	857	694	693
Mar 6-Mar 10 2023	825	823	657	643
Apr 3-7 2023	818	809	642	625
May 1-5 2023	826	805	623	599
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Jan 9-Jan 13 2023	754	1245	563	650
Feb 6-Feb 10 2023	755	1220	499	579
Mar 6-Mar 10 2023	740	1059	436	522
Apr 3-7 2023	740	1002	423	507
May 1-5 2023	739	926	424	507

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

Follow him on Twitter @RussQuinnDTN

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