DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to be mostly lower, according to prices tracked by DTN for the third full week of August 2024. One fertilizer was slightly higher compared to a month ago.

For the fifth week in a row, no fertilizer price showed a substantial move in either direction. DTN designates a significant move as anything 5% or more.

Seven of the eight major fertilizers were slightly lower compared to last month. MAP had an average price of $816/ton, potash $493/ton, urea $492/ton, 10-34-0 $639/ton, anhydrous $668/ton, UAN28 $330/ton and UAN32 $373/ton.

Potash dropped below the $500/ton level for the first time since the first week of July 2021 when the price was $491/ton. Meanwhile, urea was also sub-$500/ton for the first time since the fourth week of March 2021 when the price was $499/ton.

One fertilizer was slightly higher looking back to last month. DAP had an average price of $745/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.54/lb.N, anhydrous $0.41/lb.N, UAN28 $0.59/lb.N and UAN32 $0.58/lb.N.

All fertilizers but three are lower in price compared to one year ago. DAP is 1% higher and both MAP and anhydrous are 7% higher looking back to last year.

The remaining five fertilizers are lower. Both UAN28 and UAN32 are 7% lower, 10-34-0 is 9% less expensive, potash is 12% lower and urea is 14% less expensive in price compared to a year prior.

On Saturday, Aug. 24, the Canadian Industrial Relations Board (CIRB) forced binding arbitration on all parties between the Teamsters Canada Rail Conference (TCRC) and the Canadian Pacific Kansas City (CPKC) and Canadian National (CN) railways. A potential work stoppage involving Canadian railroads could affect the movement of fertilizer in Canada, according to press release from Fertilizer Canada. You can read about it here: https://www.dtnpf.com/….

DTN Basis Analyst Mary Kennedy had a detailed look at the situation in her Cash Market Moves column from Sunday, Aug. 25: https://www.dtnpf.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
Aug 21-25 2023	735	764	557	575
Sep 18-22 2023	702	757	501	566
Oct 16-20 2023	709	791	504	574
Nov 13-27 2023	717	811	511	574
Dec 11-15 2023	713	819	517	540
Jan 8-12 2024	726	807	510	526
Feb 5-9 2024	736	809	508	528
Mar 4-8 2024	760	816	505	564
Apr 1-5 2024	780	828	514	577
Apr 29-May 3 2024	781	830	513	585
May 27-31 2024	781	828	508	537
Jun 24-28 2024	760	821	506	506
Jul 22-26 2024	745	818	502	504
Aug 19-23 2024	745	816	493	492
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Aug 21-25 2023	698	622	355	399
Sep 18-22 2023	610	763	352	405
Oct 16-20 2023	612	809	356	418
Nov 13-27 2023	613	843	361	415
Dec 11-15 2023	595	851	339	409
Jan 8-12 2024	600	776	336	391
Feb 5-9 2024	610	773	335	390
Mar 4-8 2024	622	788	344	396
Apr 1-5 2024	633	794	362	405
Apr 29-May 3 2024	641	794	364	418
May 27-31 2024	642	758	356	406
Jun 24-28 2024	642	705	345	389
Jul 22-26 2024	642	677	339	377
Aug 19-23 2024	639	668	330	373

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

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