![](images/Logos/Progessive%20Farmer.png)
July
5, 2023
By Russ
Quinn
DTN Retail Fertilizer Trends
OMAHA (DTN) -- Most average retail fertilizer prices continued their
downward trend the fourth week of June 2023, according to sellers
surveyed by DTN.
![](images/images_07_06_2023/GetStoredImage.png)
The average retail price of UAN28 dropped to $396
per ton during the fourth week of June 2023, the first time the
nitrogen fertilizer's price has been below $400 since the fourth week
of September 2021. (DTN chart)
Six of the eight major fertilizers were lower in price compared to
last month with one fertilizer noticeably less expensive. DTN
designates a significant move as anything 5% or more.
Anhydrous was 5% less expensive than last month with an average price
of $753 per ton.
The other five fertilizers that were lower in price were down just
slightly from last month. MAP was $829 per ton, urea $616/ton, 10-34-0
$731/ton, UAN28 $396/ton and UAN32 $468/ton.
UAN28 dropped below the $400-per-ton level for the first time since
the fourth week of September 2021. That week, the nitrogen
fertilizer's average price was $388 per ton.
Of the remaining two fertilizers, DAP's average price was up $1 from
last month at $825 per ton and Potash's average price was unchanged at
$620.
On a price per pound of nitrogen basis, the average urea price was at
$0.67/lb.N, anhydrous $0.46/lb.N, UAN28 $0.71/lb.N and UAN32 $0.73/lb.N.
A new fertilizer manufacturing facility is being built
near Maitland, Ontario, Canada. VCN Canada (https://www.vanguardcropnutrition.ca/…)
will manufacture multi-nutrient compound fertilizers, previously made
in Eastern Europe and imported to Canada and the Americas.
"Supply chain disruptions and recent offshore
production quality are serious issues for farmers on this side of the
Atlantic, and VCN Canada will help correct that," Ryan Brophy, VCN
Canada's CEO, said in a news release (64899da5dcc3977ac0945a9a_VCN
Canada June 14 2023 (1).docx (live.com)).
One of the benefits of compound fertilizers is each granule contains a
balance of nutrients. This in turn increases efficiency, reduces
product waste and minimizes nutrient losses, according to Brophy.
The site is strategically located beside the St. Lawrence Seaway and
mainline rail service and is targeted to open in 2024. The capacity of
the new plant will be 25 metric tons (mt)/hour.
"It's an exciting day and time for farmers across Canada and the
Americas," he said.
All fertilizers are now lower by double digits compared to one year
ago. 10-34-0 is 19% less expensive, both DAP and MAP are 21% lower,
both potash and urea are 30% less expensive, UAN32 is 34% lower, UAN28
is 35% less expensive and anhydrous is 49% 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/….
University of Illinois agricultural economists take a
closer look at nitrogen fertilizer prices stabilizing. You can read it
here: https://www.dtnpf.com/….
Dry |
Date Range |
DAP |
MAP |
POTASH |
UREA |
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 |
June 26-30 2023 |
825 |
829 |
620 |
616 |
|
|
|
|
|
Liquid |
Date Range |
10-34-0 |
ANHYD |
UAN28 |
UAN32 |
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 |
June 26-30 2023 |
731 |
753 |
396 |
468 |
Russ Quinn can be reached at Russ.Quinn@dtn.com
Follow him on Twitter @RussQuinnDTN
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