DTN Retail Fertilizer Trends

Fertilizer Prices Mixed, With Five of the Eight Major Fertilizers Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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With an average retail price of $926/ton for the first full week of May 2023, anhydrous fertilizer was 8% less expensive than last. (DTN chart)

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.

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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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Russ Quinn