DTN Fertilizer Trends: Record High Climb Continues

    Average retail prices for most fertilizers continued to climb the first full week of December 2021, with nitrogen fertilizers again leading the way, according to sellers surveyed by DTN.

    Five of the eight major fertilizers recorded a sizable move higher from last month. DTN designates a substantial move as anything 5% or more.

    Leading the way higher was UAN28, which was up 20% from a month prior. The nitrogen fertilizer’s average price was at $577 per ton, which continues to be an all-time high in the DTN data set.

    Anhydrous was 18% more expensive compared to last month. The average price was at $1,372/ton, which is also an all-time high.

    UAN32 was 8% higher looking back to last month. The liquid nitrogen fertilizer had an average price of $661/ton, also an all-time high.

    Urea was 7% more expensive compared to last month. The nitrogen fertilizer had an average price of $887/ton, an all-time high.

    10-34-0 was 5% more expensive looking back to last month. The starter fertilizer had an average price of $756/ton.

    Three fertilizers had just a slight price increase compared to the prior month. DAP had an average price of $840/ton, MAP $919/ton and potash $778/ton.

    On a price per pound of nitrogen basis, the average urea price was at $0.96/lb.N, anhydrous $0.84/lb.N, UAN28 $1.03/lb.N and UAN32 $1.03/lb.N.

    According to a news release from the American Farm Bureau Federation (AFBF) this week, farmers are struggling with skyrocketing fertilizer prices (here).

    AFBF economists found several elements are contributing to record-high prices. These factors include increased prices for raw nutrients, increased global fertilizer demand, increased energy costs, distribution and supply chain disruptions, and trade duties.

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    Ammonia has increased over 210%, liquid nitrogen over 159% and urea 155%, compared to September 2020 prices, according to AFBF. In addition, MAP has increased 125%, DAP is up over 100% and potash has risen above 134%.

    “Rising fertilizer prices are a great concern for farmers across the country,” AFBF President Zippy Duvall said. “We urge the Biden administration to look for ways to bring fertilizer prices down, which include resolving supply chain disruptions and removing import duties, so farmers can continue growing the food, fuel and fiber America relies on.”

    Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly, with prices for several fertilizers increasing well over 100%.

    10-34-0 is now 63% more expensive, MAP is 80% higher, DAP is 84% more expensive, potash is 124% higher, urea is 146% more expensive, UAN32 is 162% higher, UAN28 175% is more expensive and anhydrous is 220% higher compared to last year.

    DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here.

    Dow Jones reported that high fertilizer prices will likely limit farmers’ profitability in the 2022 growing season. You can read it here.

    DRY
    Date Range DAP MAP POTASH UREA
    Dec 7-11 2020 456 510 348 361
    Jan 4-8 2021 482 543 369 368
    Feb 1-5 2021 554 601 389 429
    Mar 1-5 2021 609 673 416 474
    Mar 29-Apr 2 2021 618 697 429 502
    Apr 26-30 2021 629 703 433 513
    May 24-28 2021 652 709 443 523
    Jun 21-25 2021 670 720 469 541
    Jul 19-23 2021 695 750 543 553
    Aug 16-20 2021 695 755 564 556
    Sep 13-17 2021 702 776 598 572
    Oct 11-15 2021 798 860 710 719
    Nov 8-12 2021 821 906 762 832
    Dec 6-10 2021 840 919 778 887
    LIQUID
    Date Range 10-34-0 ANHYD UAN28 UAN32
    Dec 7-11 2020 464 429 210 252
    Jan 4-8 2021 464 470 209 251
    Feb 1-5 2021 502 507 239 272
    Mar 1-5 2021 560 560 254 304
    Mar 29-Apr 2 2021 599 685 340 377
    Apr 26-30 2021 613 710 350 391
    May 24-28 2021 619 719 361 407
    Jun 21-25 2021 625 724 366 420
    Jul 19-23 2021 632 736 365 419
    Aug 16-20 2021 631 743 369 420
    Sep 13-17 2021 632 762 381 428
    Oct 11-15 2021 654 873 442 488
    Nov 8-12 2021 719 1162 566 614
    Dec 6-10 2021 756 1372 577 661

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

    Follow him on Twitter @RussQuinnDTN

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