DTN Retail Fertilizer Trends

MT. JULIET, Tenn. (DTN) -- The average retail price of all eight major fertilizers tracked by DTN declined for the third week in a row, with half of the fertilizers posting significant moves lower.

DTN surveyed sellers during the fourth week of July and considers price changes of 5% or more from the previous month to be significant.

Anhydrous retains its leadership in the decline of retail prices. Its average price is 8% less than last month at $691/ton. For perspective, anhydrous was 52% more expensive last year, at $1431/ton.

The average price of urea and UAN32 each fell by 6% from last month to $581/ton and $442/ton, respectively.

MAP prices dropped by 5% to $1041/ton.

The average price of the remaining four fertilizers also declined from last month. DAP cost $795/ton; potash, $594/ton; 10-34-0, $715/ton; UAN28, $383/ton.

On a price pound of nitrogen basis, the average urea price was at $0.63/lb.N, anhydrous $0.42/lb.N, UAN28 $0.68/lb.N and UAN32 $0.69/lb.N.

All fertilizers are now lower by double digits compared to one year ago.

-- 10-34-0, down 20%

-- DAP, down 21%

-- MAP, down 24%

-- Urea, down 30%

-- Potash, down 33%

-- UAN28, down 36%

-- UAN32, down 37%

-- Anhydrous, down 52%

Fertilizer expenses ballooned in 2022, according to a recent USDA report on production costs. Farmers spent almost 20% more on fertilizer than the year before, shelling out $36.8 billion. You can read more on 2022's production costs here: https://www.dtnpf.com/…

While prices may have returned to earth this year, with many returning to near their 5-year average price, it continues to be a large line item on farmers' budgets. Alexis Maxwell, a fertilizer analyst at Bloomberg Intelligence/Green Markets, will join the DTN Ag Summit Series on August 15 to discuss what's influencing prices and whether it's a good year to book your needs early.

She specializes in financial and economic analysis of fertilizer markets and producers. Prior to joining Bloomberg, Maxwell was a market analyst at CF Industries and SABIC. While she frequently presents to investment groups and others in the financial world, she says she's looking forward to presenting to farmers.

Sign up to hear Alexis's presentation, along with the rest of the Ag Summit Series: Digital Yield Tour, here: https://www.dtn.com/…

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/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
May 29-Jun 2 2023	824	832	620	622
June 26-30 2023	825	829	620	616
July 24-28 2023	795	791	594	581
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
May 29-Jun 2 2023	739	791	413	478
June 26-30 2023	731	753	396	468
July 24-28 2023	715	691	383	442

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on Twitter at @KatieD_DTN

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