DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer sellers surveyed by DTN for the first week of October 2024 continued to show average prices for nutrients were lower than last month.

Prices for seven of the eight major fertilizers were lower compared to last month, a trend for several weeks now. No fertilizer had a significant price increase or decline. DTN designates a significant move as anything 5% or more.

DAP had an average price of $735 per ton, MAP $805/ton, potash $448/ton, urea $485/ton, 10-34-0 $590/ton, UAN28 $316/ton and UAN32 $350/ton.

One fertilizer was slightly more expensive than a month ago. Anhydrous had an average price of $688/ton. Last month it was $684.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.42/lb.N, UAN28 $0.56/lb.N and UAN32 $0.55/lb.N.

A week ago, Hurricane Milton was bearing directly down on the Tampa, Florida, region. See more here: https://www.dtnpf.com/….

The area east of Tampa is home to several phosphorus (P) mines, which process the product into fertilizer. This would be bad news for P prices already facing higher levels than a year ago and short supplies. Fertilizer analysts speculated that if these facilities were down for a long period of time, there would be a negative effect on retail fertilizer prices.

The storm came ashore farther to the south of Tampa than expected. While the city did see some damage, the effects were not as severe as they could have been.

As a result, P production facilities were not hit directly by Milton. The area is without power, but it was estimated to be returned in the coming weeks, and P fertilizer should see little change to price or supply. Read more about that here: https://www.dtnpf.com/….

Prices for all but two fertilizers are lower compared to one year ago. MAP is 1% higher, while DAP is 3% more expensive looking back to last year.

The remaining six fertilizers are lower. 10-34-0 is 4% lower, UAN28 is 11% less expensive, potash is 12% lower, anhydrous is 15% less expensive and both urea and UAN32 are 16% 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/….

Intrepid Potash CEO Bob Jornayvaz resigned after a recent medical leave, according to Dow Jones. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Oct 9-13 2023	711	794	506	575
Nov 6-10 2023	714	802	509	573
Dec 4-8 2023	713	820	516	543
Jan 1-5 2024	725	812	513	534
Jan 29-Feb 2 2024	735	809	509	527
Feb 26-Mar 1 2024	756	812	505	536
Mar 25-29 2024	779	827	513	576
Apr 22-26 2024	781	830	513	585
May 20-24 2024	783	829	509	555
Jun 17-21 2024	778	827	507	510
Jul 15-19 2024	756	821	503	506
Aug 12-16 2024	745	817	501	500
Sep 9-13 2024	735	808	464	489
Oct 7-11 2024	735	805	448	485
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Oct 9-13 2023	613	804	356	418
Nov 6-10 2023	613	830	360	415
Dec 4-8 2023	595	847	340	409
Jan 1-5 2024	599	789	336	394
Jan 29-Feb 2 2024	610	770	334	390
Feb 26-Mar 1 2024	615	769	341	394
Mar 25-29 2024	632	794	360	404
Apr 22-26 2024	641	794	364	418
May 20-24 2024	642	781	359	418
Jun 17-21 2024	642	705	350	389
Jul 15-19 2024	642	696	339	377
Aug 12-16 2024	640	678	337	376
Sep 9-13 2024	596	684	329	351
Oct 7-11 2024	590	688	316	350

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

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