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DTN Retail Fertilizer Trends

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.

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.