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DTN Retail Fertilizer Trends 04/17 06:41
All Fertilizer Prices Higher for Third Straight Week
Average retail prices for all eight major fertilizers are higher compared to
last month. This marks the third straight week prices for all fertilizers were
up. However, only one fertilizer, UAN32, was significantly more expensive.
Russ Quinn
DTN Staff Reporter
OMAHA (DTN) -- Average retail prices for all eight fertilizers were up from
last month in the second week of April 2024, according to sellers surveyed by
DTN. This marks the third straight week retail prices for all fertilizers were
higher.
Despite the increases, though, only one fertilizer saw a significant price
jump, which DTN designates as anything 5% or more. UAN32 was 5% higher in price
compared to last month with an average price of $417 per ton.
The remaining seven fertilizers were just slightly more expensive compared
to last month. DAP had an average price of $791 per ton, MAP $831/ton, potash
$514/ton, urea $587/ton, 10-34-0 $640/ton, anhydrous $795/ton and UAN28
$363/ton.
On a price per pound of nitrogen basis, the average urea price was
$0.64/lb.N, anhydrous was $0.48/lb.N, UAN28 was $0.65/lb.N and UAN32 was
$0.65/lb.N.
The price of one fertilizer is now slightly higher than it was a year ago.
MAP is 3% higher than it was a year ago.
Prices for the remaining seven fertilizers are lower. DAP is 4% less
expensive, urea is 6% lower, 10-34-0 is 14% less expensive, UAN28 is 15% lower,
UAN32 is 18% less expensive, potash is 20% lower and anhydrous is 21% less
expensive compared to a year ago.
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/agriculture/web/ag/markets/fuels-fertilizers%23!/fertilize
rs.
USDA's Economic Research Service (ERS) recently published a report detailing
fertilizer costs in corn production. You can read about it here:
https://www.dtnpf.com/agriculture/web/ag/crops/article/2024/04/10/uan28-leads-fe
rtilizer-prices-higher.
DRY
Date Range DAP MAP POTASH UREA
Apr 10-14 2023 821 809 642 625
May 8-12 2023 828 826 627 664
June 5-9 2023 822 832 618 622
July 3-7 2023 824 827 619 615
July 31-Aug 4 2023 766 773 579 572
Aug 28-Sep 1 2023 730 736 518 563
Sep 25-29 2023 703 777 508 570
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
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 10-14 2023 740 1003 427 507
May 8-12 2023 739 910 423 517
June 5-9 2023 739 787 411 478
July 3-7 2023 730 752 396 466
July 31-Aug 4 2023 713 638 378 411
Aug 28-Sep 1 2023 607 680 355 391
Sep 25-29 2023 610 767 353 413
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
Russ Quinn can be reached at Russ.Quinn@dtn.com.
Follow him on social platform X @RussQuinnDTN.
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