DTN Retail Fertilizer Trends

Most Retail Fertilizer Prices Lower Again in First Week of September

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of just one fertilizer was up slightly from last month during the first week of September 2024. Anhydrous had an average price of $676 per ton, up just $1 from $675 per ton last month. (DTN chart)

OMAHA (DTN) -- Average retail prices for seven of the eight major fertilizers continued to be slightly lower than last month during the first week of September 2024, according to sellers surveyed by DTN.

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

The seven fertilizers that were lower in price compared to last month were DAP, with an average price of $739 per ton, MAP $813/ton, potash $486/ton, urea $490/ton, 10-34-0 $638/ton, UAN28 $327/ton and UAN32 $364/ton.

One fertilizer was just slightly more expensive. Anhydrous had an average price of $676/ton, up just $1 from last month.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.41/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.

Vancouver, British Columbia-based Sage Potash announced it has entered into an agreement for the purchase of processing equipment for $12.6 million (Canadian), according to Dow Jones news service. This equipment is capable of processing up to 300,000 metric tons per year of potash, according to the company.

Most of the equipment being purchased was fabricated in 2012 at a cost of approximately EUR36 million ($54 million) at the time. Most of the equipment has never been assembled and is currently in storage in Europe.

The balance of the equipment to be acquired by the company will be purchased as secondhand machinery, according to the company.

Prices for three fertilizers are higher compared to one year ago. DAP is 1% higher, 10-34-0 is 4% more expensive and MAP is 9% higher than last year.

Prices for the remaining five fertilizers are lower. Anhydrous is 2% lower, potash is 6% less expensive, UAN32 is 7% lower, UAN28 is 8% less expensive and urea is 13% 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/….

U.S. producers are frustrated with fertilizer prices not reflecting the multiple-year lows in grains, according to Dow Jones. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Sep 4-8 2023 738 745 518 563
Oct 2-6 2023 705 791 508 573
Oct 30-Nov 3 2023 713 801 508 573
Nov 27-Dec 1 2023 715 820 518 552
Dec 25-29 2023 721 812 514 536
Jan 22-26 2024 734 809 509 527
Feb 19-23 2024 749 812 506 534
Mar 18-22 2024 778 823 506 574
Apr 15-19 2024 780 830 513 585
May 13-17 2024 789 829 511 556
Jun 10-14 2024 779 827 507 525
Jul 8-12 2024 758 822 504 507
Aug 5-9 2024 744 818 503 504
Sep 2-6 2024 739 813 486 490
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Sep 4-8 2023 611 693 356 390
Oct 2-6 2023 609 790 354 414
Oct 30-Nov 3 2023 611 826 358 415
Nov 27-Dec 1 2023 595 847 341 409
Dec 25-29 2023 599 792 340 394
Jan 22-26 2024 610 770 335 390
Feb 19-23 2024 615 764 339 393
Mar 18-22 2024 628 793 358 402
Apr 15-19 2024 641 794 364 418
May 13-17 2024 642 792 364 418
Jun 10-14 2024 642 737 352 400
Jul 8-12 2024 642 696 339 378
Aug 5-9 2024 640 675 338 376
Sep 2-6 2024 638 676 327 364

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

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Russ Quinn