DTN Retail Fertilizer Trends

OMAHA (DTN) -- Continuing the trend of the past several weeks, average retail prices for seven of the eight major fertilizers were lower than last month during the last week of September 2024, according to sellers surveyed by DTN. Prices for two fertilizers were down significantly, which DTN designates as 5% or more.

Leading fertilizer prices lower was potash, which was down 8% compared to last month. The fertilizer had an average price of $449 per ton. Also significantly lower was 10-34-0, which was 7% less expensive than last month. The starter fertilizer had an average price of $590 per ton.

Prices for five other fertilizers were slightly lower compared to last month. DAP had an average price of $736 per ton, MAP $805/ton, urea $485/ton, UAN28 $317/ton and UAN32 $350/ton.

One fertilizer was slightly more expensive than a month ago. Anhydrous had an average price of $687/ton.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.42/lb.N, UAN28 $0.57/lb.N and UAN32 $0.55/lb.N.

Intrepid Potash CEO Bob Jornayvaz has stepped down following an extended medical leave, the Wall Street Journal reported.

Barth Whitham, chair of the board of the fertilizer manufacturer, said on Oct. 4 that the board's search to appoint a new CEO is underway. Matt Preston, the company's finance chief, will continue to serve as acting principal executive officer, according to the company.

In April, Intrepid Potash announced that it had granted Jornayvaz temporary medical leave.

Prices for all except two fertilizers are lower than they were one year ago. 10-34-0 is 3% lower, UAN28 is 10% less expensive, potash is 12% lower, anhydrous is 13% less expensive, and both urea and UAN32 are 15% lower compared to last year.

The price of MAP is 2% higher, while the price of DAP is 5% more expensive than a year ago.

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 expanding military conflict in the Middle East would be bad news for retail fertilizer prices, according to one fertilizer analyst. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
Sep 30-Oct 4 2024	736	805	449	485
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Sep 30-Oct 4 2024	590	687	317	350

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

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