![](images/Logos/Progessive%20Farmer.png)
7
June 2023
By
Russ
Quinn ,
Fertilizer Prices Mainly Lower; Anhydrous Fertilizer
Drops 15%
![](images/images_06_19_2023/GetStoredImage.png)
OMAHA (DTN) -- After one week of mostly higher levels, retail
fertilizer prices are again mostly lower, according to retail
fertilizer prices tracked by DTN for the last week of May 2023.
Six of the eight major fertilizers are lower in price compared to last
month. Only two fertilizers were substantially less expensive. DTN
designates a significant move as anything 5% or more.
Anhydrous was 15% lower compared to the prior month and the nitrogen
fertilizer had an average price was $791/ton. Urea was 6% lower
looking back to last month with an average price of $622/ton.
Four other fertilizers were slightly lower compared to last month. DAP
had an average price of $824/ton, potash $620/ton, 10-34-0 $739/ton,
and UAN28 $413/ton.
Two fertilizers were slightly more expensive compared to a month ago.
MAP had an average price of $832/ton and urea $622/ton.
On a price per pound of nitrogen basis, the average urea price was
$0.68/lb.N, anhydrous $0.48/lb.N, UAN28 $0.74/lb.N and UAN32 $0.75/lb.N.
Last week, the Purdue University/CME Ag Economy
Barometer fell to its weakest reading since July 2022. The barometer
fell 19 points to a reading of 104 in the month of May, this was down
from 123 in the April report (Purdue
University-CME Group Ag Economy Barometer).
Weakness in crop prices has helped to push the index lower, according
to the report. This month's survey was conducted from May 15-19, 2023.
When asked the question, "Looking ahead to next year, what are your
biggest concerns for your farming operation?", you can see a dramatic
jump from April to May with lower crop and/or livestock prices behind
the answer. In April, just 17% of respondents had this response while
in May it increased to 26%.
Not surprisingly, concerns about higher input prices have eased in
recent months with retail fertilizer prices steadily declining.
In August 2022, over 50% of respondents said this was their biggest
concern. By January 2023, the number fell to under 40%, and by the May
report it was just 34%.
All fertilizers are now lower by double digits compared to one year
ago. 10-34-0 is 18% less expensive, DAP is 22% lower, MAP is 23% less
expensive, potash is 30%, both UAN28 and UAN32 are 35% lower, urea is
37% less expensive and anhydrous is 48% 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/….
A Singapore-based fertilizer manufacturer has asked its
shareholders to approve a proposal to ban sales of its products in the
Amazon rainforest, according to Dow Jones. You can read it here: https://www.dtnpf.com/….
Dry |
Date Range |
DAP |
MAP |
POTASH |
UREA |
May 30-Jun 3 2022 |
1056 |
1079 |
880 |
979 |
Jun 27-Jul 1 2022 |
1039 |
1053 |
885 |
867 |
Jul 25-20 2022 |
1005 |
1041 |
887 |
836 |
Aug 22-26 2022 |
972 |
1026 |
880 |
804 |
Sep 19-23 2022 |
950 |
1005 |
875 |
811 |
Oct 17-21 2022 |
930 |
986 |
863 |
826 |
Nov 14-18 2022 |
930 |
978 |
848 |
812 |
Dec 12-Dec 16 2022 |
902 |
939 |
807 |
779 |
Jan 9-Jan 13 2023 |
868 |
875 |
742 |
732 |
Feb 6-Feb 10 2023 |
840 |
857 |
694 |
693 |
Mar 6-Mar 10 2023 |
825 |
823 |
657 |
643 |
Apr 3-7 2023 |
818 |
809 |
642 |
625 |
May 1-5 2023 |
826 |
805 |
623 |
599 |
May 29-Jun 2 2023 |
824 |
832 |
620 |
622 |
|
|
|
|
|
Liquid |
Date Range |
10-34-0 |
ANHYD |
UAN28 |
UAN32 |
May 30-Jun 3 2022 |
905 |
1529 |
633 |
731 |
Jun 27-Jul 1 2022 |
904 |
1466 |
611 |
702 |
Jul 25-20 2022 |
894 |
1431 |
596 |
693 |
Aug 22-26 2022 |
869 |
1331 |
575 |
676 |
Sep 19-23 2022 |
860 |
1376 |
578 |
670 |
Oct 17-21 2022 |
759 |
1419 |
576 |
678 |
Nov 14-18 2022 |
753 |
1415 |
584 |
681 |
Dec 12-Dec 16 2022 |
750 |
1415 |
579 |
682 |
Jan 9-Jan 13 2023 |
754 |
1245 |
563 |
650 |
Feb 6-Feb 10 2023 |
755 |
1220 |
499 |
579 |
Mar 6-Mar 10 2023 |
740 |
1059 |
436 |
522 |
Apr 3-7 2023 |
740 |
1002 |
423 |
507 |
May 1-5 2023 |
739 |
926 |
424 |
507 |
May 29-Jun 2 2023 |
739 |
791 |
413 |
478 |
Russ Quinn can be reached at Russ.Quinn@dtn.com
Follow him on Twitter @RussQuinnDTN
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
509 995 1879 Cell,
Pacific Time Zone.
General office: 509-254
6854
4501 East Trent Ave.
Spokane, WA 99212
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