DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices remain mostly higher compared to last month, according to retailers tracked by DTN for the third week of March 2024.

Two fertilizers were up a considerable amount. DTN designates a significant move as anything 5% or more.

Urea was 8% more expensive compared to last month and had an average price of $574/ton. UAN28 was 6% higher in price looking back a month and had an average price of $358/ton.

Six fertilizers were all slightly higher or lower in price. Potash was slightly lower and had an average price of $506/ton.

The remaining five were slightly higher compared to last month. DAP had an average price of $778/ton, MAP $823/ton, 10-34-0 $628/ton, anhydrous $793/ton and UAN32 $402/ton.

UAN32 was back above the $400/ton level for the first time since the third week of December 2023. That week the average price was $402/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.62/lb.N, anhydrous $0.48/lb.N, UAN28 $0.64/lb.N and UAN32 $0.63/lb.N.

Recent legislation in the U.S. Senate to include phosphate and potash on the final list of critical minerals of the Department of the Interior was positive for ensuring a strong domestic fertilizer supply for American farmers, according to a news release from The Fertilizer Institute (TFI).

"It is vital that we, as a country, take proactive steps to secure our own agricultural future by recognizing the role these minerals play in putting food on our tables," TFI President and CEO Corey Rosenbusch said. "Without these two minerals, modern agricultural systems would crumble and the ability to feed our growing population would be nearly impossible."

The U.S. has both phosphate and potash production but expanding mines and operating new ones is a costly and time-consuming process measured in years and in the tens of millions of dollars for permitting alone. Being listed as critical minerals would not exclude these projects from environmental reviews but would assign a single permitting agency to be responsible and streamline the process, according to TFI.

Most fertilizer prices are lower compared to one year ago but one fertilizer is now slightly higher. MAP is 1% higher looking back a year.

The remaining fertilizers are lower. DAP is 5% less expensive, urea is 8% lower, 10-34-0 15% less expensive, UAN28 is 17% lower, both potash and UAN32 are 22% less expensive and anhydrous is 23% lower 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 fertilizer spill in southwestern Iowa has led to a fish kill in a nearby river, according to a Iowa Department of Natural Resources press release. You can read about it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
Mar 20-Mar 24 2023	821	812	645	627
Apr 17-21 2023	826	812	643	626
May 15-19 2023	829	831	627	619
June 12-16 2023	823	832	621	624
July 10-14 2023	811	823	614	609
Aug 7-Aug 11 2023	758	764	566	576
Sep 4-8 2023	738	745	518	563
Oct 2-6 2023	705	791	508	573
Oct 30-Nov 3 2023	713	801	508	573
Nov 27-Dec 1 2023	715	820	518	552
Dec 25-29 2023	721	812	514	536
Jan 22-26 2024	734	809	509	527
Feb 19-23 2024	749	812	506	534
Mar 18-22 2024	778	823	506	574
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Mar 20-Mar 24 2023	740	1036	429	514
Apr 17-21 2023	740	995	423	507
May 15-19 2023	739	895	421	514
June 12-16 2023	737	781	406	476
July 10-14 2023	730	734	393	465
Aug 7-Aug 11 2023	714	634	369	400
Sep 4-8 2023	611	693	356	390
Oct 2-6 2023	609	790	354	414
Oct 30-Nov 3 2023	611	826	358	415
Nov 27-Dec 1 2023	595	847	341	409
Dec 25-29 2023	599	792	340	394
Jan 22-26 2024	610	770	335	390
Feb 19-23 2024	615	764	339	393
Mar 18-22 2024	628	793	358	402

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

Follow him on X, formerly known as Twitter, @RussQuinnDTN.

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