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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, August 10, 2022 10:44AM CDT

OMAHA (DTN) -- Retail fertilizer prices continue to push lower, according to locations tracked by DTN for the first week of August 2022.

For the first time during the current price shift lower, all eight major fertilizers are lower in price compared to last month, and multiple fertilizers are down a substantial amount. DTN designates a significant move as anything 5% or more.

Urea was 6% lower compared to last month. The nitrogen fertilizer had an average price of $812/ton. Anhydrous was down 5% from last month and had an average price of $1,387/ton.

The remaining six fertilizers were slightly lower. DAP had an average price of $1,003/ton, MAP $1,036/ton, potash $883/ton, 10-34-0 $892/ton, UAN28 $592/ton and UAN32 $679/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.85/lb.N, UAN28 $1.06/lb.N and UAN32 $1.06/lb.N.

Fertilizer giant Nutrien announced Tuesday that Ken Seitz has assumed the president and CEO roles of the firm, bumping its interim CEO into the full-time job, Dow Jones reported.

This comes as the fertilizer company seeks to quickly scale up its production amid tight global supplies. The company is working on boosting its annual potash production by 40% by 2025 as the war in Ukraine and sanctions disrupt shipments from major producers in Russia and Belarus.

Seitz has served as Nutrien's interim CEO since January following the departure of its former CEO, Mayo Schmidt, who left the role after less than a year on the job.

Despite lower prices in recent months, all fertilizers continue to be considerably higher in price than one year earlier.

MAP is 37% more expensive, 10-34-0 is 41% higher, DAP is 44% more expensive, urea is 46% higher, potash is 59% more expensive, UAN28 is 61% higher, UAN32 is 62% more expensive and anhydrous is 88% 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/….

Global supplies of anhydrous continue to tighten, which could have a negative effect on ammonia, according to BASF CEO Martin Brudermuller. You can read about that here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
Aug 2-6 2021 695 755 557 556
Aug 30-Sep 3 2021 697 756 571 557
Sep 27-Oct 1 2021 722 800 647 620
Oct 25-29 2021 812 873 731 751
Nov 22-26 2021 830 915 775 868
Dec 20-24 2021 862 932 807 910
Jan 17-21 2022 863 932 807 916
Feb 14-18 2022 874 935 815 891
Mar 14-18 2022 970 1001 843 954
Apr 11-15 2022 1047 1071 875 1017
May 9-13 2022 1059 1083 881 1000
Jun 6-Jun 10 2022 1057 1077 880 977
Jul 4-8 2022 1038 1053 885 866
Aug 1-5 2022 1003 1036 883 812
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Aug 2-6 2021 631 738 367 418
Aug 30-Sep 3 2021 632 749 371 420
Sep 27-Oct 1 2021 638 782 388 444
Oct 25-29 2021 663 982 458 522
Nov 22-26 2021 755 1308 574 660
Dec 20-24 2021 791 1424 583 679
Jan 17-21 2022 800 1433 585 683
Feb 14-18 2022 837 1488 603 703
Mar 14-18 2022 876 1520 610 706
Apr 11-15 2022 906 1534 630 730
May 9-13 2022 906 1529 634 730
Jun 6-Jun 10 2022 905 1518 633 731
Jul 4-8 2022 904 1466 609 702
Aug 1-5 2022 892 1387 592 679

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

Follow him on Twitter @RussQuinnDTN


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