DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail prices for major fertilizers continue to be mostly higher for the fourth week of May, according to sellers surveyed by DTN.

Average retail prices for seven of the eight major fertilizers were higher compared to last month for the third straight week. DTN designates a significant move as anything 5% or more.

Leading the way higher again was urea. The nitrogen fertilizer was 11% higher compared to last month with an average price of $662 per ton.

UAN28 also was more expensive compared to last month. The liquid nitrogen was 8% higher and had an average price of $418/ton.

Five fertilizers had slightly higher prices. DAP had an average price of $798/ton, MAP $831/ton, potash $475/ton, 10-34-0 $669/ton and UAN32 $494/ton.

One fertilizer was slightly lower looking back to the prior month. Anhydrous had an average price of $776/ton.

On a price per pound of nitrogen basis, the average urea price was $0.72/lb.N, anhydrous $0.47/lb.N, UAN28 $0.75/lb.N and UAN32 $0.77/lb.N.

One analyst recently increased the stock price target for fertilizer giant, Mosaic. Scotiabank's analyst, Ben Isaacson, increased the company's stock from $34 to $42, according to an article from gurufocus.com.

Although the firm suggests a general reduction in exposure to fertilizer stocks, Mosaic stands out as the only stock in the Global Fertilizer sector under their coverage that maintains a "buy" status. This outlook is influenced by factors such as grower sentiment, NPK pricing, valuation and overall investors sentiment.

"(This) is leading to a more cautious approach towards fertilizer investments," the report said.

Seven fertilizers are now higher in price compared to one year earlier: DAP by 1%, both MAP and anhydrous by 2%, 10-34-0 by 4%, UAN28 by 17%, UAN32 by 22% and urea by 23%.

The remaining fertilizer, potash, continues to be lower -- by 7% 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/….

More Chinese urea exports could be entering the world fertilizer market, according to a fertilizer analyst. You can read about it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Dec 9-13 2024	740	816	443	495
Jan 6-10 2025	738	808	444	490
Feb 3-7 2025	745	806	436	525
Mar 3-7 2025	765	810	447	548
Mar 31-Apr 4 2025	768	819	462	565
Apr 28-May 2 2025	785	824	472	596
May 26-30 2025	798	831	475	662
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Dec 9-13 2024	611	721	323	362
Jan 6-10 2025	615	735	326	365
Feb 3-7 2025	632	741	332	388
Mar 3-7 2025	646	751	354	397
Mar 31-Apr 4 2025	650	770	360	423
Apr 28-May 2 2025	666	783	387	474
May 26-30 2025	669	776	418	494

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

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