DTN Retail Fertilizer Trends

All Major Fertilizer Prices Continue Higher for Fourth Consecutive Week

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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On a price per pound of nitrogen basis, the average urea price in the third week of April 2024 was $0.64/lb.N, anhydrous $0.48/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N. (DTN chart)

OMAHA (DTN) -- Average retail prices for all eight major fertilizers were up from last month in the third week of April 2024, marking the fourth consecutive week all prices have been higher, according to sellers surveyed by DTN.

Despite the increases, no fertilizer price was up significantly, which DTN designates as anything 5% or more.

The average price for DAP was $780 per ton, MAP $830/ton, potash $513/ton, urea $585/ton, 10-34-0 $641/ton, anhydrous $794/ton, UAN28 $364/ton and UAN32 $418/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.64/lb.N, anhydrous $0.48/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

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The Fertilizer Recommendation Support Tool (FRST) announced a nationwide release on Monday, according to a blog post at the University of Minnesota Extension Minnesota Crop News website (https://blog-crop-news.extension.umn.edu/…). FRST is a decision aid that provides an unbiased science-based interpretation of soil test phosphorus and potassium values for crop fertilization.

The project is a collaboration of over 100 soil science and agronomic professionals representing 50 universities, four divisions of USDA, several not-for-profit organizations and one private-sector partner. The University of Minnesota is represented on the project by Extension nutrient management specialist Daniel Kaiser.

Right now, FRST provides critical phosphorus and potassium soil test values. In the next phase, FRST will provide research-based phosphorus or potassium rate response information to assist farmers in selecting the minimum fertilizer rates expected to produce maximal crop yield.

For more information about FRST, visit www.soiltestFRST.org and click on "Tool."

Most fertilizers are lower compared to one year ago, but one fertilizer is slightly higher. MAP is 2% higher looking back a year.

The remaining fertilizers are lower. DAP is 6% less expensive, urea is 7% lower, 10-34-0 13% less expensive, UAN28 is 14% lower, UAN32 is 18% less expensive and both potash and anhydrous are now 20% lower 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/….

DRY
Date Range DAP MAP POTASH UREA

Apr 17-21 2023

826

812

643

626

May 15-19 2023

829

831

627

619

June 12-16 2023

823

832

621

624

July 10-14 2023

811

823

614

609

Aug 7-Aug 11 2023

758

764

566

576

Sep 4-8 2023

738

745

518

563

Oct 2-6 2023

705

791

508

573

Oct 30-Nov 3 2023

713

801

508

573

Nov 27-Dec 1 2023

715

820

518

552

Dec 25-29 2023

721

812

514

536

Jan 22-26 2024

734

809

509

527

Feb 19-23 2024

749

812

506

534

Mar 18-22 2024

778

823

506

574

Apr 15-19 2024

780

830

513

585

LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32

Apr 17-21 2023

740

995

423

507

May 15-19 2023

739

895

421

514

June 12-16 2023

737

781

406

476

July 10-14 2023

730

734

393

465

Aug 7-Aug 11 2023

714

634

369

400

Sep 4-8 2023

611

693

356

390

Oct 2-6 2023

609

790

354

414

Oct 30-Nov 3 2023

611

826

358

415

Nov 27-Dec 1 2023

595

847

341

409

Dec 25-29 2023

599

792

340

394

Jan 22-26 2024

610

770

335

390

Feb 19-23 2024

615

764

339

393

Mar 18-22 2024

628

793

358

402

Apr 15-19 2024

641

794

364

418

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

Follow him on social platform X @RussQuinnDTN.

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Russ Quinn