News & Resources

DTN Retail Fertilizer Trends

15 Oct 2024

OMAHA (DTN) -- Retail fertilizer sellers surveyed by DTN for the first week of October 2024 continued to show average prices for nutrients were lower than last month.

Prices for seven of the eight major fertilizers were lower compared to last month, a trend for several weeks now. No fertilizer had a significant price increase or decline. DTN designates a significant move as anything 5% or more.

DAP had an average price of $735 per ton, MAP $805/ton, potash $448/ton, urea $485/ton, 10-34-0 $590/ton, UAN28 $316/ton and UAN32 $350/ton.

One fertilizer was slightly more expensive than a month ago. Anhydrous had an average price of $688/ton. Last month it was $684.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.42/lb.N, UAN28 $0.56/lb.N and UAN32 $0.55/lb.N.

A week ago, Hurricane Milton was bearing directly down on the Tampa, Florida, region. See more here: https://www.dtnpf.com/….

The area east of Tampa is home to several phosphorus (P) mines, which process the product into fertilizer. This would be bad news for P prices already facing higher levels than a year ago and short supplies. Fertilizer analysts speculated that if these facilities were down for a long period of time, there would be a negative effect on retail fertilizer prices.

The storm came ashore farther to the south of Tampa than expected. While the city did see some damage, the effects were not as severe as they could have been.

As a result, P production facilities were not hit directly by Milton. The area is without power, but it was estimated to be returned in the coming weeks, and P fertilizer should see little change to price or supply. Read more about that here: https://www.dtnpf.com/….

Prices for all but two fertilizers are lower compared to one year ago. MAP is 1% higher, while DAP is 3% more expensive looking back to last year.

The remaining six fertilizers are lower. 10-34-0 is 4% lower, UAN28 is 11% less expensive, potash is 12% lower, anhydrous is 15% less expensive and both urea and UAN32 are 16% 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/….

Intrepid Potash CEO Bob Jornayvaz resigned after a recent medical leave, according to Dow Jones. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Oct 9-13 2023 711 794 506 575
Nov 6-10 2023 714 802 509 573
Dec 4-8 2023 713 820 516 543
Jan 1-5 2024 725 812 513 534
Jan 29-Feb 2 2024 735 809 509 527
Feb 26-Mar 1 2024 756 812 505 536
Mar 25-29 2024 779 827 513 576
Apr 22-26 2024 781 830 513 585
May 20-24 2024 783 829 509 555
Jun 17-21 2024 778 827 507 510
Jul 15-19 2024 756 821 503 506
Aug 12-16 2024 745 817 501 500
Sep 9-13 2024 735 808 464 489
Oct 7-11 2024 735 805 448 485
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Oct 9-13 2023 613 804 356 418
Nov 6-10 2023 613 830 360 415
Dec 4-8 2023 595 847 340 409
Jan 1-5 2024 599 789 336 394
Jan 29-Feb 2 2024 610 770 334 390
Feb 26-Mar 1 2024 615 769 341 394
Mar 25-29 2024 632 794 360 404
Apr 22-26 2024 641 794 364 418
May 20-24 2024 642 781 359 418
Jun 17-21 2024 642 705 350 389
Jul 15-19 2024 642 696 339 377
Aug 12-16 2024 640 678 337 376
Sep 9-13 2024 596 684 329 351
Oct 7-11 2024 590 688 316 350

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

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