DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail prices for all eight fertilizers were up from last month in the second week of April 2024, according to sellers surveyed by DTN. This marks the third straight week retail prices for all fertilizers were higher.

Despite the increases, though, only one fertilizer saw a significant price jump, which DTN designates as anything 5% or more. UAN32 was 5% higher in price compared to last month with an average price of $417 per ton.

The remaining seven fertilizers were just slightly more expensive compared to last month. DAP had an average price of $791 per ton, MAP $831/ton, potash $514/ton, urea $587/ton, 10-34-0 $640/ton, anhydrous $795/ton and UAN28 $363/ton.

On a price per pound of nitrogen basis, the average urea price was $0.64/lb.N, anhydrous was $0.48/lb.N, UAN28 was $0.65/lb.N and UAN32 was $0.65/lb.N.

The price of one fertilizer is now slightly higher than it was a year ago. MAP is 3% higher than it was a year ago.

Prices for the remaining seven fertilizers are lower. DAP is 4% less expensive, urea is 6% lower, 10-34-0 is 14% less expensive, UAN28 is 15% lower, UAN32 is 18% less expensive, potash is 20% lower and anhydrous is 21% less expensive compared to a year ago.

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/….

USDA's Economic Research Service (ERS) recently published a report detailing fertilizer costs in corn production. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
July 31-Aug 4 2023	766	773	579	572
Aug 28-Sep 1 2023	730	736	518	563
Sep 25-29 2023	703	777	508	570
Oct 23-27 2023	713	799	507	574
Nov 20-24 2023	713	811	512	570
Dec 18-22 2023	721	815	517	537
Jan 15-19 2024	727	810	510	530
Feb 12-16 2024	739	809	504	529
Mar 11-15 2024	771	817	505	566
Apr 8-12 2024	791	831	514	587
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
July 31-Aug 4 2023	713	638	378	411
Aug 28-Sep 1 2023	607	680	355	391
Sep 25-29 2023	610	767	353	413
Oct 23-27 2023	610	825	360	418
Nov 20-24 2023	583	833	338	402
Dec 18-22 2023	599	807	342	402
Jan 15-19 2024	601	770	334	391
Feb 12-16 2024	610	771	336	392
Mar 11-15 2024	622	789	355	397
Apr 8-12 2024	640	795	363	417

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

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