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DTN Retail Fertilizer Trends

Posted by Mike Bates on April 03, 2022 - 1:35am


OMAHA (DTN) -- Significantly higher retail fertilizer prices returned the fourth week of March 2022, according to sellers surveyed by DTN. The last time two fertilizers were double digits higher was the first week of December 2021.

DAP and urea led the way higher. DAP was 16% more expensive compared to last month and has an average price of $1,014 per ton.

DAP is now at the highest level in the history of the DTN data set. The previous high for the phosphorus fertilizer was $984/ton set the first week of November 2008.

Urea was 10% higher compared to last month with an average price of $976/ton. This price continues to be an all-time high.

MAP and 10-34-0 were also up a considerable amount. DTN designates a significant move as anything 5% or more.

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MAP is up 10% from last month and had an average price of $1,018/ton. 10-34-0 is 5% more expensive compared to the prior month with an average price of $881/ton.

Three fertilizers were slightly higher compared to a month earlier. Potash had an average price of $850/ton, anhydrous $1,523/ton (all-time high) and UAN28 $622/ton (all-time high).

The remaining fertilizer was slightly lower this month. UAN32 had an average price of $698/ton, a drop from the nitrogen fertilizer's all-time high of $703, which was set last month.

On a price per pound of nitrogen basis, the average urea price was at $1.06/lb.N, anhydrous $0.93/lb.N, UAN28 $1.11/lb.N and UAN32 $1.09/lb.N.

The agreement of a labor dispute by Canadian Pacific (CP) Railway last week was one positive bit of news for fertilizer supply, Dow Jones reported last week. The company and Teamsters Canada Rail Conference reached an agreement to settle their labor dispute via binding arbitration.

"CP is a major supplier of fertilizer, especially potash, to the United States and abroad," Dow Jones reported.

Some potash disruptions might be seen from the short-lived strike, although the main stressor on fertilizer currently is the transportation disruptions in the Black Sea region. Global potash supplies have declined as producers in Russia and Belarus effectively stopped exporting the fertilizer following Russia's invasion of Ukraine, according to the report.

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

MAP is now 46% more expensive, 10-34-0 is 47% higher, DAP is 65% more expensive, both UAN28 and UAN32 are 86% higher, urea is 95% more expensive, potash is 99% is higher and anhydrous is 123% 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.

DRY
Date Range DAP MAP POTASH UREA
Mar 22-26 2021 616 696 428 499
Apr 19-23 2021 627 703 432 510
May 17-21 2021 642 708 440 521
Jun 14-18 2021 661 719 454 531
Jul 12-16 2021 693 730 501 550
Aug 9-13 2021 695 755 563 555
Sep 6-10 2021 699 757 575 558
Oct 4-8 2021 736 829 675 653
Nov 1-5 2021 814 900 750 820
Nov 29-Dec 3 2021 836 918 777 873
Dec 27-31 2021 864 931 809 911
Jan 24-28 2022 877 936 814 910
Feb 21-25 2022 874 934 815 885
Mar 21-25 2022 1014 1018 850 976
         
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 22-26 2021 599 684 335 376
Apr 19-23 2021 612 707 348 391
May 17-21 2021 620 716 361 407
Jun 14-18 2021 621 719 365 414
Jul 12-16 2021 624 725 368 418
Aug 9-13 2021 630 740 366 418
Sep 6-10 2021 631 750 371 422
Oct 4-8 2021 639 803 400 456
Nov 1-5 2021 702 1113 545 604
Nov 29-Dec 3 2021 756 1313 575 661
Dec 27-31 2021 795 1428 583 679
Jan 24-28 2022 817 1492 601 699
Feb 21-25 2022 837 1488 602 703
Mar 21-25 2022 881 1523 622 698

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

Follow him on Twitter at @RussQuinnDTN