DTN Retail Fertilizer Trends

Most Retail Fertilizer Prices Slightly Higher During Second Week of November

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Anhydrous saw the biggest dollar increase in average retail price from last month during the second week of November 2024, though it wasn't a substantial gain. At $711, anhydrous was up $10 per ton from $701 a month ago. (DTN chart)

OMAHA (DTN) -- Most average retail fertilizer prices continued to be higher than they were a month ago during the second week of November 2024, according to sellers surveyed by DTN.

For the second week in a row, prices for seven of the eight major fertilizers were up from last month, while the price of the remaining fertilizer was down. Once again, no fertilizer saw a substantial price move in either direction, which DTN designates as anything 5% or more.

The seven fertilizers that were slightly more expensive were DAP, which had an average price of $740 per ton, MAP $811/ton, urea $498/ton, 10-34-0 $607/ton, anhydrous $711/ton, UAN28 $323/ton and UAN32 $364/ton.

The one fertilizer that was slightly less expensive was potash, which had an average retail price of $443/ton, down $8 per ton from the previous month.

On a price per pound of nitrogen basis, the average urea price was $0.54/lb.N, anhydrous $0.43/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.

A new app called "Producer Connect" was launched this fall by the Nebraska Association of Resource Districts. It allows Nebraska farmers to more easily report annual levels of fertilizer application and, in turn, allows the association to more easily compile data and provide feedback.

The Natural Resources District (NRD) app shows farmers how their use of nitrogen fertilizer compares to their neighbors and how it compares with the University of Nebraska-Lincoln's (UNL) recommendations for application. It also details how much a farmer might save by reducing fertilizer use without cutting yields.

Seventeen of the state's 23 NRDs, mainly in the state's corn-growing areas, are participating in what is promoted as a proactive step by the state's farmers and fertilizer suppliers to ensure safe drinking water.

"It's a giant step," said Dean Edson, director of the NRD association, in addressing the issue of high nitrate levels in Nebraska's groundwater.

All fertilizers but two are lower compared to one year ago. MAP is 1% higher, while DAP is 3% more expensive than it was a year ago.

The remaining six fertilizers are lower than they were a year ago. Both 10-34-0 and UAN28 are now 10% less expensive; urea, potash and UAN32 are all 13% lower; and anhydrous is now 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/….

Typical corn and soybean commercial farms in the upper Midwest will likely see financial losses for both 2024 and 2025, according to a recent DTN article. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
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
Nov 11-15 2024 740 811 443 498
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Nov 11-15 2024 607 711 323 364

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

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Russ Quinn