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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, June 29, 2022 5:00AM CDT

OMAHA (DTN) -- The majority of fertilizers continue to be less expensive for the third week of June 2022, according to fertilizer prices tracked by DTN. This trend has been in place for a month now.

Seven of the eight major fertilizers prices were lower compared to last month, including one down considerably. DTN designates a significant move as anything 5% or more.

Urea was 9% lower compared to last month. The nitrogen fertilizer had an average price of $902/ton, an $87/ton decline.

DAP had an average price of $1,040/ton, MAP $1,058/ton, 10-34-0 $905/ton, anhydrous $1,497/ton, UAN28 $616/ton and UAN28 $716/ton.

One fertilizer was slightly more expensive compared to last month but nothing substantial. Potash had an average price of $885/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.98/lb.N, anhydrous $0.91/lb.N, UAN28 $1.10/lb.N and UAN32 $1.12/lb.N.

With lower fertilizer prices in the third week of June, it's almost a return to the past. This was a normal trend we would see after the spring planting and fertilizer application seasons.

With less fertilizer demand, nutrient prices would normally drop some in June/July and then firm somewhat once retailers refilled their inventories over the summer. Fertilizer prices would firm again in the fall as demand would increase as application would happen.

This trend has seen some adjustment over the years with the emergence of side dressing operations becoming more popular. Fertilizer prices would drop in early June, but then this seasonal drop started happening later, into late June and into July as there continued to be fertilizer demand in early June.

Of course, we didn't see this downtrend at all in 2021. Retail fertilizer prices were continuously moving higher during last year.

It will be interesting to see what happens in the coming weeks and months. I'm not sure the return of this trend means fertilizer prices are destined to be lower, but it is kind of nice to be able to see something "normal" with fertilizer market trends, especially after last year.

Most fertilizers continue to be considerably higher in price than one year earlier.

10-34-0 is 45% more expensive, MAP is 47% higher, DAP is 55% more expensive, urea is 67% higher, UAN28 is 68% more expensive, UAN32 is 70% higher, potash is 89% more expensive and anhydrous is 107% higher 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/….

Those farmers who graze livestock also saw a large increase in their fertilizer budgets for nutrients for grasslands this growing season. You can read it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Jun 21-25 2021 670 720 469 541
Jul 19-23 2021 695 750 543 553
Aug 16-20 2021 695 755 564 556
Sep 13-17 2021 702 776 598 572
Oct 11-15 2021 798 860 710 719
Nov 8-12 2021 821 906 762 832
Dec 6-10 2021 840 919 778 887
Jan 3-7 2022 863 931 807 913
Jan 31-Feb 4 2022 877 933 813 905
Feb 28-Mar 4 2022 879 937 815 887
Mar 28-Apr 1 2022 1033 1045 868 1022
Apr 25-29 2022 1049 1082 881 1004
May 23-27 2022 1056 1082 879 989
Jun 20-Jun 24 2022 1040 1058 885 902
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 21-25 2021 625 724 366 420
Jul 19-23 2021 632 736 365 419
Aug 16-20 2021 631 743 369 420
Sep 13-17 2021 632 762 381 428
Oct 11-15 2021 654 873 442 488
Nov 8-12 2021 719 1162 566 614
Dec 6-10 2021 756 1372 577 661
Jan 3-7 2022 795 1430 584 679
Jan 31-Feb 4 2022 826 1487 600 699
Feb 28-Mar 4 2022 837 1487 603 703
Mar 28-Apr 1 2022 896 1526 637 711
Apr 25-29 2022 906 1534 631 730
May 23-27 2022 906 1531 634 731
Jun 20-Jun 24 2022 905 1497 616 716

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

Follow him on Twitter @RussQuinnDTN


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