DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail prices for seven of the eight major fertilizers were down from last month during the second week of June 2024, according to sellers surveyed by DTN.

After a week in which no fertilizer prices moved considerably in either direction, prices of two fertilizers were down significantly, which DTN designates as anything 5% or more. Anhydrous was 7% less expensive compared to last month with an average price of $737 per ton. And urea was 6% lower than a month ago with an average price of $525 per ton.

Prices of five fertilizers were down just slightly from last month. DAP had an average price of $779 per ton, MAP $827/ton, potash $507/ton, UAN28 $352/ton and UAN32 $400/ton.

One fertilizer was just slightly higher in price from last month: 10-34-0 had an average price of $642/ton.

On a price per pound of nitrogen basis, the average urea price was $0.57/lb.N, anhydrous $0.45/lb.N, UAN28 $0.63/lb.N and UAN32 $0.63/lb.N.

A new product that coats dry fertilizer in a single application is touting an increase in agricultural productivity. DPH Biologicals has introduced Envelix Prime, according to www.fertilizerdaily.com. (https://www.fertilizerdaily.com/….

The coating binds beneficial bacterial and fungal microorganisms to the fertilizer prill (small pellets), enhancing nutrient uptake efficiency. A 2023 trial on corn at the V3 leaf stage lead to the increase of several key nutrients, including phosphorus (by 18%), sulfur (by 10%), boron (by 9%) and copper (by 8%), according to the Fertilizer Daily article.

Envelix Prime is compatible with multiple fertilizer types, including MAP, DAP and urea. The product is now available to retail partners and fertilizer blending facilities, starting this fall, according to the article.

All fertilizers are lower compared to one year ago. MAP is 1% lower, DAP is 5% less expensive, anhydrous is 6% lower, both 10-34-0 and UAN28 are 13% less expensive, both urea and UAN32 are now 16% lower and potash is 18% less expensive compared to a year prior.

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/….

With wet field conditions across the Corn Belt this spring, growers are asking themselves if they need to apply supplemental nitrogen fertilizer, according to a news release from the University of Minnesota Extension. You can read about it here: https://www.dtnpf.com/….

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

Follow him on social platform X @RussQuinnDTN.

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