DTN Retail Fertilizer Trends

Major Retail Fertilizer Prices Continue Mixed for Third Week of October

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Urea was back above the $500-per-ton level for the first time since the second week of August 2024. That week, the price was also $500 per ton. (DTN chart)

OMAHA (DTN) -- Average retail prices for the major fertilizers were mixed again during the third week of October 2024, according to sellers surveyed by DTN.

A week after prices were evenly split with four higher and four lower, prices for five of the eight major fertilizers were higher compared to last month. No fertilizer had a noticeable price increase or decline. DTN designates a significant move as anything 5% or more.

Of the fertilizers that were higher in price, DAP had an average price of $740 per ton, urea $500/ton, 10-34-0 $604/ton, anhydrous $705/ton and UAN32 $361/ton.

Urea was back above the $500/ton level for the first time since the second week of August 2024. That week, the price was also $500/ton.

Three fertilizers were slightly less expensive than a month ago. MAP had an average price of $808/ton, potash $452/ton and UAN28 $316/ton.

On a price per pound of nitrogen basis, the average urea price was $0.54/lb.N, anhydrous $0.43/lb.N, UAN28 $0.57/lb.N and UAN32 $0.57/lb.N.

Rainfall from Hurricane Milton caused a water collection system to breach at the Tampa, Florida-based Mosaic facility in Riverview, likely spilling an unknown amount of polluted water into Tampa Bay, according to the Tampa Bay Times (https://www.tampabay.com/…).

Milton dropped nearly 15 inches of rain during the storm, which overwhelmed the facility's system that is designed to collect water from phosphogypsum, a phosphate waste that contains radium. Officials at the company believe that stormwater entered a drainage outfall that empties into Tampa Bay.

The company said it expects water quality issues to be "modest," according to the article.

Florida environmental regulators were on site collecting water samples after the hurricane, according to Florida Department of Environmental Protection spokesperson Alexandra Kuchta.

All fertilizer prices expect two are lower compared to one year ago. MAP is 1% higher, while DAP is 4% more expensive looking back to last year.

The remaining six fertilizers are lower. 10-34-0 is 1% lower, potash is 11% less expensive, UAN28 is 12% lower, both urea and UAN32 are 13% less expensive and anhydrous is 15% 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/….

Researchers at Kansas State University found soil treated with manure stores more carbon than soil treated with either no fertilizer or a chemical-based fertilizer. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
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
Sep 23-27 2024 738 812 457 485
Oct 21-25 2024 740 808 452 500
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Sep 23-27 2024 593 684 320 351
Oct 21-25 2024 604 705 316 363

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

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Russ Quinn