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DTN Retail Fertilizer Trends

DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, July 10, 2024 9:08AM CDT

OMAHA (DTN) -- Average retail prices for all eight major fertilizers continued to be mostly lower during the first week of July 2024, according to sellers surveyed by DTN.

The price of two fertilizers declined significantly, which DTN designates as anything 5% or more. Just like last week, anhydrous was 7% less expensive compared to last month with an average price of $705 per ton. Urea was 6% lower than last month with an average price of $506 per ton.

Prices for the remaining six fertilizers were down just slightly from last month. DAP had an average price of $760 per ton, MAP $821/ton, potash $506/ton, 10-34-0 $642/ton, UAN28 $345/ton and UAN32 $389/ton.

On a price per pound of nitrogen basis, the average urea price was $0.55/lb.N, anhydrous $0.43/lb.N, UAN28 $0.62/lb.N and UAN32 $0.61/lb.N.

A train hauling anhydrous ammonia fertilizer, sulfur and methanol derailed late last week in east-central North Dakota, and several cars caught on fire, according to CNN. The train derailed near the small town of Bordulac, which is about 140 miles northwest of Fargo.

Foster County Emergency Management Director Andrew Kirking said the train was carrying "intact hazardous materials," so authorities have been monitoring air quality near the incident. County officials believe between 25 to 30 cars derailed.

Crews are trying to bridge a gap over a bog to fight the fires and get heavy equipment in to move the train cars, he said. They used two pumping trailers to douse the burning cars.

Removing the train cars will be a slow process and will likely take a week or two, according to Kirking.

All residents within a 1-mile radius of the derailment were notified of the incident and potential hazards. Consequently, they issued a voluntary evacuation.

The cause of the derailment is still under investigation, Kirking said.

All fertilizers are lower compared to one year ago. MAP is 1% lower, anhydrous is 6% less expensive, DAP is 8% lower, 10-34-0 is 12% less expensive, UAN28 is 13% less expensive, UAN32 is 17% lower, and both urea and potash are 18% lower in price 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/….

Egyptian nitrogen producer Abu Qir will resume urea production following the restoration of its natural gas supply, Argus Media reported. You can read about it here: https://www.dtnpf.com/…

DRY
Date Range DAP MAP POTASH UREA
July 3-7 2023 824 827 619 615
July 31-Aug 4 2023 766 773 579 572
Aug 28-Sep 1 2023 730 736 518 563
Sep 25-29 2023 703 777 508 570
Oct 23-27 2023 713 799 507 574
Nov 20-24 2023 713 811 512 570
Dec 18-22 2023 721 815 517 537
Jan 15-19 2024 727 810 510 530
Feb 12-16 2024 739 809 504 529
Mar 11-15 2024 771 817 505 566
Apr 8-12 2024 791 831 514 587
May 6-10 2024 789 831 511 557
Jun 3-7 2024 781 827 508 535
Jul 1-5 2024 760 821 506 506
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
July 3-7 2023 730 752 396 466
July 31-Aug 4 2023 713 638 378 411
Aug 28-Sep 1 2023 607 680 355 391
Sep 25-29 2023 610 767 353 413
Oct 23-27 2023 610 825 360 418
Nov 20-24 2023 583 833 338 402
Dec 18-22 2023 599 807 342 402
Jan 15-19 2024 601 770 334 391
Feb 12-16 2024 610 771 336 392
Mar 11-15 2024 622 789 355 397
Apr 8-12 2024 640 795 363 417
May 6-10 2024 642 792 364 418
Jun 3-7 2024 642 757 353 406
Jul 1-5 2024 642 705 345 389

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

Follow him on social platform X @RussQuinnDTN

 
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