DTN Retail Fertilizer Trends

Half of Major Retail Fertilizer Prices Move Higher

Todd Neeley
By  Todd Neeley , DTN Environmental Editor
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The average price of UAN32 jumped by 3% compared to last month, coming in at $361 per ton. UAN32 still is 14% less expensive than one year ago. (DTN chart)

LINCOLN, Neb. (DTN) -- Average prices for half of the major fertilizers tracked by DTN were higher compared to last month, according to retail fertilizer sellers surveyed for the second week of October.

The latest average prices collected show a break in a recent multi-week trend of falling prices for seven of eight fertilizers tracked by DTN.

No significant price increases or declines were seen in the latest data. DTN designates a significant move as anything 5% or more.

UAN32 led the way with nearly a 3% price increase to $361 per ton, followed by anhydrous at $701/ton, or about a 2% bump. Urea also came in at about 2% higher with $496/ton. The average price of 10-34-0 was also nearly 2% higher at $604/ton.

Potash led the way in price drops to $451/ton or around 2% lower. UAN28 was about 1% lower compared to last month at $316/ton, while MAP and DAP were fractionally lower at $806/ton and $738/ton, respectively.

On a price per pound of nitrogen basis, the average urea price was $0.54/lb.N, anhydrous $0.43/lb.N, UAN28 $0.56/lb.N and UAN32 $0.56/lb.N.

Researchers at Kansas State University found that soil treated with manure or compost fertilizer stores more carbon than soil treated with either no fertilizer or a chemical-based fertilizer, https://acsess.onlinelibrary.wiley.com/….

The scientists studied a Kansas cornfield that was no-till farmed for the past 22 years. According to the study, the farm had at one time or another used no fertilizer, applied chemical fertilizer, as well as used manure- and compost-based fertilizer.

In addition, the researchers said more microbial carbon was found in soil treated with manure or compost.

Compared to one year ago, prices for six of the eight fertilizers were lower.

DAP is 4% higher while MAP is 2% more expensive compared to last year at this time.

Compared to last year 10-34-0 is 1% lower, UAN28 is 11% less expensive, potash is 11% lower, anhydrous is 13% less expensive, while urea and UAN32 are 14% less expensive 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/….

DRY
Date Range DAP MAP POTASH UREA

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

Sep 16-20 2024

740

814

459

485

Oct 14-18 2024

738

806

451

496

LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32

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

Sep 16-20 2024

594

685

320

351

Oct 14-18 2024

604

701

316

361

Todd Neeley can be reached at todd.neeley@dtn.com

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Todd Neeley

Todd Neeley
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