DTN Retail Fertilizer Trends

Most Fertilizer Prices Drift Lower, But UAN28 Ticks Up

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
Connect with Russ:
The average retail price of UAN28 is slightly higher than last month at $579 per ton. The nitrogen fertilizer is 56% more expensive than last year. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first week of September 2022 show most fertilizer prices continue to fall. However, the five-week streak of declines in all eight major fertilizers snapped, as one fertilizer price inched higher.

No fertilizers were noticeably lower or higher. DTN designates a significant move as anything 5% or more.

Seven of the eight major fertilizers were just slightly lower. DAP had an average price of $952 per ton, MAP $1,009/ton, potash $878/ton, urea $800/ton, 10-34-0 $866/ton, anhydrous $1,357/ton and UAN32 $658/ton.

UAN28 was the only fertilizer with a higher price, and it was just slightly more expensive. The nitrogen fertilizer had an average price of $579/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.87/lb.N, anhydrous $0.83/lb.N, UAN28 $1.03/lb.N and UAN32 $1.03/lb.N.

U.S. farmers may see some benefit to a squeeze in natural gas availability with prices in Europe surging in response to halted flows through the Nord Stream pipe, Dow Jones reported. Albert Chu of Newton Investment Management said while low natural gas supplies in Europe will be limited to only heating and electricity, ample natural gas supplies in the U.S. will allow for fertilizer production.

"We have enough molecules to go around," Chu said.

As a result, crops in the U.S. will have the potential to yield better than their European counterparts. Without fertilizers, crop yields likely will be considerably lower, he said.

Despite lower prices in recent months, prices for all fertilizers continue to be considerably higher than one year earlier.

MAP is 33% more expensive, DAP is 36% higher, 10-34-0 is 37% more expensive, urea is 43% higher, potash is 53% more expensive, both UAN28 and UAN32 are 56% higher and anhydrous is 81% more 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.

The Russia/Ukraine military conflict will continue to put much uncertainty in the global fertilizer markets in the coming month, according to Rabobank. You can read it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Sep 6-10 2021 699 757 575 558
Oct 4-8 2021 736 829 675 653
Nov 1-5 2021 814 900 750 820
Nov 29-Dec 3 2021 836 918 777 873
Dec 27-31 2021 864 931 809 911
Jan 24-28 2022 877 936 814 910
Feb 21-25 2022 874 934 815 885
Mar 21-25 2022 1014 1018 850 976
Apr 18-22 2022 1050 1079 879 1012
May 16-20 2022 1059 1083 878 993
Jun 13-Jun 17 2022 1046 1074 879 961
Jul 11-15 2022 1030 1052 885 861
Aug 8-12 2022 982 1032 881 812
Sep 5-9 2022 952 1009 878 800
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Sep 6-10 2021 631 750 371 422
Oct 4-8 2021 639 803 400 456
Nov 1-5 2021 702 1113 545 604
Nov 29-Dec 3 2021 756 1313 575 661
Dec 27-31 2021 795 1428 583 679
Jan 24-28 2022 817 1492 601 699
Feb 21-25 2022 837 1488 602 703
Mar 21-25 2022 881 1523 622 698
Apr 18-22 2022 906 1534 631 730
May 16-20 2022 906 1529 634 731
Jun 13-Jun 17 2022 905 1516 630 730
Jul 11-15 2022 904 1449 606 701
Aug 8-12 2022 881 1365 578 678
Sep 5-9 2022 866 1357 579 658

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn