DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the fourth week of August 2024 continue to show lower prices.

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

All eight of the major fertilizers were lower compared to last month but no fertilizer was down a considerable amount. DAP had an average price of $742/ton, MAP $814/ton, potash $487/ton, urea $492/ton, 10-34-0 $639/ton, anhydrous $676/ton, UAN28 $328/ton and UAN32 $364/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.53/lb.N, anhydrous $0.41/lb.N, UAN28 $0.59/lb.N and UAN32 $0.57/lb.N.

U.S. producers are frustrated fertilizer prices aren't reflecting the multiple year lows in grains as they book their needs for the fall, according to Dow Jones.

According to AgResource, fertilizer prices are higher than year ago levels. Anhydrous was up 15% while MAP was up 7%, according to the latest Illinois Production Costs.

Dealers have been slow to lower fertilizer prices, and the U.S. fertilizer market is showing surprising strength as China curtails exports, according to AgResource.

All fertilizers but three are lower compared to one year ago. DAP is 1% higher and 10-34-0 is 5% more expensive and MAP is 11% higher looking back to last year.

The remaining five fertilizers are lower. Anhydrous is 1% lower, potash is 6% less expensive, UAN32 is 7% lower, UAN28 is 8% less expensive and urea is 14% lower compared to last year.

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/….

The Canadian Industrial Relations Board (CIRB) forced binding arbitration on all parties between the Teamsters Canada Rail Conference (TCRC) members and the Canadian Pacific Kansas City (CPKC) and Canadian Railways (CN). You can read about it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Aug 26-30 2024	742	814	487	492
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Aug 26-30 2024	639	676	328	364

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

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