DTN Retail Fertilizer Trends

OMAHA (DTN) -- Most average retail fertilizer prices continued to move lower the first week of July 2023, though price changes for all fertilizers were only minor, according to sellers surveyed by DTN.

As was the case last week, prices for six of the eight major fertilizers were lower compared to a month ago. But unlike in recent weeks, none of the six were down considerably. DTN designates a significant move as anything 5% or more. MAP had an average price of $827 per ton, urea $615/ton, 10-34-0 $730/ton, anhydrous $752/ton, UAN28 $396/ton and UAN32 $466/ton.

The remaining two fertilizers were slightly more expensive compared to last month. DAP had an average price of $824/ton, while potash was at $619/ton.

On a price per pound of nitrogen basis, the average urea price was $0.67/lb.N, anhydrous $0.46/lb.N, UAN28 $0.71/lb.N and UAN32 $0.73/lb.N.

Striking workers at the Port of Vancouver have forced a large fertilizer company to curtail some fertilizer production. Nutrien has had to limit export capacity of potash fertilizer due to the strike, Dow Jones reported Tuesday.

According to the Canadian fertilizer company, it has limited production at the Cory potash mine in Saskatoon due to lower export capacity through Canpotex's Neptune terminal. The strike, along with a Portland terminal outage and lower potash prices than previously anticipated, have forced Nutrien to adjust earnings before interest, taxes, depreciation, and amortization to fall below the bottom end of its previous guidance for 2023.

So far, the strikes have only affected Nutrien's Saskatoon mine, but the company said a prolonged strike could also affect other potash mines in the province.

Thousands of unionized workers of the International Longshore and Warehouse Union are currently on strike at the Port of Vancouver. The strike began July 1 and is in part over concerns that automation could affect jobs at critical import and export hubs in Canada.

All fertilizers are now lower by double digits compared to one year ago. 10-34-0 is 19% less expensive, both DAP and MAP are 21% lower, urea is 29% less expensive, potash is 30% lower, UAN32 is 34% less expensive, UAN28 is 35% lower and anhydrous is 49% 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/….

A new fertilizer manufacturing facility is set to be built near Maitland, Ontario, Canada. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Jul 4-8 2022	1038	1053	885	866
Aug 1-5 2022	1003	1036	883	812
Aug 29-Sep 2 2022	952	1022	877	804
Sep 26-30 2022	947	1005	874	812
Oct 24-28 2022	930	986	862	827
Nov 21-25 2022	927	972	841	802
Dec 19-Dec 23 2022	890	909	790	757
Jan 16-Jan 20 2023	859	865	721	712
Feb 13-Feb 17 2023	838	857	692	686
Mar 13-Mar 17 2023	825	821	655	638
Apr 10-14 2023	821	809	642	625
May 8-12 2023	828	826	627	664
June 5-9 2023	822	832	618	622
July 3-7 2023	824	827	619	615
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Jul 4-8 2022	904	1466	609	702
Aug 1-5 2022	892	1387	592	679
Aug 29-Sep 2 2022	866	1364	576	671
Sep 26-30 2022	861	1380	581	670
Oct 24-28 2022	759	1422	580	678
Nov 21-25 2022	753	1419	583	681
Dec 19-Dec 23 2022	751	1360	578	681
Jan 16-Jan 20 2023	755	1238	536	634
Feb 13-Feb 17 2023	754	1213	483	572
Mar 13-Mar 17 2023	740	1059	428	521
Apr 10-14 2023	740	1003	427	507
May 8-12 2023	739	910	423	517
June 5-9 2023	739	787	411	478
July 3-7 2023	730	752	396	466

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

Follow him on Twitter @RussQuinnDTN

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