News & Resources

DTN Retail Fertilizer Trends

4 Sep 2024

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the fourth week of August 2024 continue to show lower prices.

For the sixth week in a row, no fertilizers' price showed a substantial move in either direction. DTN designates a significant move as anything 5% or more.

All eight of the major fertilizers were lower compared to last month but no fertilizer was down a considerable amount. DAP had an average price of $742/ton, MAP $814/ton, potash $487/ton, urea $492/ton, 10-34-0 $639/ton, anhydrous $676/ton, UAN28 $328/ton and UAN32 $364/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.53/lb.N, anhydrous $0.41/lb.N, UAN28 $0.59/lb.N and UAN32 $0.57/lb.N.

U.S. producers are frustrated fertilizer prices aren't reflecting the multiple year lows in grains as they book their needs for the fall, according to Dow Jones.

According to AgResource, fertilizer prices are higher than year ago levels. Anhydrous was up 15% while MAP was up 7%, according to the latest Illinois Production Costs.

Dealers have been slow to lower fertilizer prices, and the U.S. fertilizer market is showing surprising strength as China curtails exports, according to AgResource.

All fertilizers but three are lower compared to one year ago. DAP is 1% higher and 10-34-0 is 5% more expensive and MAP is 11% higher looking back to last year.

The remaining five fertilizers are lower. Anhydrous is 1% lower, potash is 6% less expensive, UAN32 is 7% lower, UAN28 is 8% less expensive and urea is 14% lower 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/….

The Canadian Industrial Relations Board (CIRB) forced binding arbitration on all parties between the Teamsters Canada Rail Conference (TCRC) members and the Canadian Pacific Kansas City (CPKC) and Canadian Railways (CN). You can read about it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
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
May 6-10 2024 789 831 511 557
Jun 3-7 2024 781 827 508 535
Jul 1-5 2024 760 821 506 506
Jul 29-Aug 2 2024 744 819 503 504
Aug 26-30 2024 742 814 487 492
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
May 6-10 2024 642 792 364 418
Jun 3-7 2024 642 757 353 406
Jul 1-5 2024 642 705 345 389
Jul 29-Aug 2 2024 640 676 338 376
Aug 26-30 2024 639 676 328 364

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

Follow him on social platform X @RussQuinnDTN