DTN Retail Fertilizer Trends

Retail Fertilizer Prices Continue Slightly Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Only one of the eight major fertilizers, DAP, increased slightly in price for the third full week of August 2024, reaching $745/ton. (DTN chart)

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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Russ Quinn