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    DTN Fertilizer Trends: Retail Prices Evenly Mixed for Last Full Week of Feb.

    ©Debra L Ferguson

    Average retail fertilizer prices were evenly mixed for the last full week of February, according to sellers surveyed by DTN.

    For the first time in more than a year, prices for four fertilizers were slightly lower, while prices for the other four were slightly higher compared to a year ago. DTN designates a significant move as anything 5% or more.

    Four fertilizers were slightly lower from a month ago. DAP had an average price of $874 per ton, MAP $934/ton, urea $885/ton and anhydrous $1,488 (all-time high price).

    The remaining four fertilizer were slightly higher in price compared to last month. Potash had an average price of $815/ton, 10-34-0 $837/ton, UAN28 $602/ton and UAN32 $703/ton (all-time high price).

    On a price per pound of nitrogen basis, the average urea price was at $0.96/lb.N, anhydrous $0.91/lb.N, UAN28 $1.08/lb.N and UAN32 $1.10/lb.N.

    Dow Jones news service reported last week that demand for fertilizers through 2022 is expected to be driven by strong agricultural commodity prices, according to the Mosaic Company.

    The fertilizer company said growers will try to maximize yields in the next growing season.

    Global phosphate demand is high with supply issues remaining.

    “China’s domestic phosphate industry is undergoing significant change as production is diverted from export markets toward domestic industrial and agricultural demand, a secular trend that could outlast the current short-term export ban,” Mosaic told Dow Jones.

    Sanctions against Belarus, a major supplier of potash, could have an impact on global potash supply in 2022. The company expects the market to remain very tight this year.

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    The global fertilizer market is also being affected by continuing supply chain constraints and issues related to the COVID-19 pandemic, Mosaic said.

    Most fertilizer prices continue to be considerably higher than one year earlier.

    MAP is now 41% more expensive, DAP is 45% higher, 10-34-0 is 57% more expensive, urea is 91% higher, potash is 100% more expensive, UAN32 is 139% higher, UAN28 is 141% more expensive and anhydrous is 174% 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.

    A Kansas State University agricultural economist takes a closer look at some of the issues to why fertilizer prices are climbing higher. You can read it here.

    DRY
    Date Range DAP MAP POTASH UREA
    Feb 22-26 2021 605 661 408 464
    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
    LIQUID
    Date Range 10-34-0 ANHYD UAN28 UAN32
    Feb 22-26 2021 532 544 250 296
    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

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

    Follow him on Twitter @RussQuinnDTN

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