DTN Retail Fertilizer Trends

Fertilizer Prices Continue Downward Trend in First Week of August 2024

Todd Neeley
By  Todd Neeley , DTN Environmental Editor
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The average price of anhydrous dropped by 4% during the first week of August, leading the prices of all eight fertilizers tracked by DTN downward. (DTN chart)

LINCOLN, Neb. (DTN) -- The average retail price of all eight fertilizers tracked by DTN continued to decline during the first week of August 2024, according to sellers surveyed by DTN, although none of the prices experienced a significant move, which DTN designates as 5% or more.

Anhydrous led the way down with a 4% drop compared to last month, falling from $705 per ton to $676. That was followed by UAN32 with a 3% decline from $389 per ton to $376. DAP recorded the third-biggest drop of 2% from $760 per ton to $744. The price of UAN28 saw a decline of about 2%, from $345 to $338.

The remaining four fertilizers were all down fractionally. Potash came in at $503 per ton, down from $506. MAP fell from $821 per ton to $819, urea declined from $506 to $504, while the price of 10-34-0 also fell slightly from $642 to $640.

On a price per pound of nitrogen basis, the average urea price was at $0.55/lb.N, anhydrous $0.41/lb.N, UAN28 $0.60/lb.N and UAN32 $0.59/lb.N.

Six of the eight fertilizers were lower compared to one year ago.

Both anhydrous and MAP are 6% more expensive compared to last year. The prices of the remaining six fertilizers were lower compared to last year at this time, including potash at 13%, urea at 12%, UAN28 at 11%, 10-34-0 at 10%, UAN32 at 9% and DAP at 3%.

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.com subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Read last week's column: https://www.dtnpf.com/…

Dry
Date Range DAP MAP POTASH UREA
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
May 6-10 2024 789 831 511 557
Jun 3-7 2024 781 827 508 535
Jul 1-5 2024 760 821 506 506
Jul 29-Aug 2 2024 744 819 503 504
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
May 6-10 2024 642 792 364 418
Jun 3-7 2024 642 757 353 406
Jul 1-5 2024 642 705 345 389
Jul 29-Aug 2 2024 640 676 338 376

Todd Neeley can be reached at todd.neeley@dtn.com

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Todd Neeley

Todd Neeley
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