DTN Retail
Fertilizer Trends
Most Fertilizer Prices Up From Previous Month During First Full Week
of February 2022
![](images/images_02_18_2022/pic9.jpg)
By Russ Quinn - DTN Staff Reporter
![](images/images_02_18_2022/Pic10.gif)
In recent weeks, the average retail
price of UAN28 was at or above $600 per ton. This is the first
time UAN28 has ever been above $600 per ton in DTN's dataset. (DTN
chart) |
OMAHA (DTN) --
Retail fertilizer prices continued to be mostly higher the first
full week of February 2022, according to sellers surveyed by DTN.
All but one of the major fertilizers were higher compared to
last month.
Seven of the
eight major fertilizers were slightly higher, although none were
up a considerable amount. DTN designates a significant move as
anything 5% or more.
DAP had an
average price of $876 per ton compared to last month, MAP
$935/ton, potash $815/ton, 10-34-0 $827/ton, anhydrous
$1,487/ton (all-time high), UAN28 $600/ton and UAN32 $699/ton
(all-time high).
In recent weeks, UAN28 was at or
above $600/ton. This is the first time UAN28 has ever been above
$600/ton in our dataset.
One fertilizer was lower in price
from the previous month. Urea was slightly lower with an average
price of $905/ton. |
On a
price per pound of nitrogen basis, the average urea price was at
$0.98/lb.N, anhydrous $0.91/lb.N, UAN28 $1.07/lb.N and UAN32 $1.09/lb.N.
Perspective is an interesting thing and sometimes we gain a new
perspective being away from something for a while. As you may or may
not have noticed, I haven't written this column the past couple of
weeks.
Now
that I'm back writing the column, I noticed immediately the
percentages of fertilizer price increases for all eight major
fertilizers are way lower than three weeks ago. I wondered why this
was the case.
Retail
fertilizer prices are not any lower in price, so how could the
percentages change that much in just few weeks?
In the
last week of January, fertilizer prices ranged from 69% to 202% higher
from the previous week. This week, the range was "only" 46% to 184%.
I went
back and looked to see what happened between the third week of January
2021 and the first week of February 2021. As you might recall,
fertilizer prices were on a steady rise, but there was a big jump in
prices in the last couple weeks of January and first week of February.
The
third week of January 2021, DAP was $493/ton, MAP $563/ton, potash
$379, urea $387/ton, 10-34-0 $481/ton, anhydrous $482/ton, UAN28
$215/ton and UAN32 $251/ton.
Two
weeks later, prices really had taken off higher. DAP was $554/ton, DAP
$601/ton, potash $389, urea $429/ton, 10-34-0 $502/ton, anhydrous
$507/ton, UAN28 $239/ton and UAN32 $272/ton.
So, the
percentages of price changes looking back a full year are much less
for the first week of February compared to the third week of January
2021 because of the large price increase happening last year at the
end of January.
Translation: Fertilizer prices have now been high for a full calendar
year, so the percentages higher are not as great as they had been.
I
thought that was kind of interesting. Of course, I have been writing
about fertilizer prices for 12 years now ... what do I know about
interesting?
Most
fertilizers continue to be considerably higher in price than one year
earlier.
MAP is
now 46% more expensive, DAP is 49% higher, 10-34-0 is 61% more
expensive, urea is 100% higher, potash is 105% more expensive, UAN32
is 145% higher, UAN28 147% is more expensive and anhydrous is 184%
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: .
The
recent DTN Global Fertilizer Outlook series focused attention to what
the world expectation could be in 2022. This series examined the
supply and demand of nutrients globally as well as what direction
fertilizer prices could go in the New Year.
Read
the phosphorus outlook
here:
Read
the potash outlook
here:
DRY |
Date Range |
DAP |
MAP |
POTASH |
UREA |
Feb 8-12 2021 |
588 |
642 |
398 |
453 |
Mar 8-12 2021 |
615 |
690 |
423 |
483 |
Apr 5-9 2021 |
618 |
699 |
431 |
504 |
May 3-7 2021 |
634 |
705 |
436 |
514 |
May 31-Jun 4 2021 |
652 |
712 |
443 |
524 |
Jun 28-Jul 2 2021 |
677 |
721 |
476 |
542 |
Jul 26-30 2021 |
695 |
753 |
549 |
554 |
Aug 23-27 2021 |
697 |
756 |
569 |
557 |
Sep 20-24 2021 |
709 |
786 |
625 |
585 |
Oct 18-22 2021 |
810 |
863 |
716 |
735 |
Nov 15-19 2021 |
825 |
911 |
769 |
859 |
Dec 13-17 2021 |
858 |
935 |
796 |
901 |
Jan 10-14 2022 |
863 |
932 |
807 |
913 |
Feb 7-11 2022 |
876 |
935 |
815 |
905 |
|
|
|
|
|
LIQUID |
Date Range |
10-34-0 |
ANHYD |
UAN28 |
UAN32 |
Feb 8-12 2021 |
512 |
524 |
243 |
285 |
Mar 8-12 2021 |
581 |
625 |
306 |
344 |
Apr 5-9 2021 |
605 |
692 |
341 |
378 |
May 3-7 2021 |
618 |
712 |
358 |
398 |
May 31-Jun 4 2021 |
619 |
719 |
363 |
412 |
Jun 28-Jul 2 2021 |
625 |
730 |
366 |
421 |
Jul 26-30 2021 |
631 |
737 |
365 |
419 |
Aug 23-27 2021 |
632 |
748 |
370 |
420 |
Sep 20-24 2021 |
633 |
772 |
383 |
436 |
Oct 18-22 2021 |
659 |
940 |
451 |
492 |
Nov 15-19 2021 |
739 |
1220 |
571 |
651 |
Dec 13-17 2021 |
790 |
1420 |
579 |
663 |
Jan 10-14 2022 |
796 |
1430 |
584 |
679 |
Feb 7-11 2022 |
827 |
1487 |
600 |
699 |
Follow him on Twitter @RussQuinnDTN
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