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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, November 30, 2022 8:36AM CST

OMAHA (DTN) -- Retail fertilizer prices continue to hover around mostly steady, according to prices tracked by DTN for the third week of November 2022. This week six of the eight major fertilizers are lower while two are higher compared to a month earlier.

Of the six fertilizers, they were all just slightly lower compared to last month. DTN designates a significant move as anything 5% or more.

DAP had an average price of $927/ton, MAP $972/ton, potash $841/ton, urea $802/ton, 10-34-0 $753/ton and anhydrous $1,419/ton.

The remaining two fertilizers were slightly more expensive looking back to last month. UAN28 had an average price of $583/ton while UAN32 was at $681/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.87/lb.N, anhydrous $0.87/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

University of Nebraska-Lincoln (UNL) Extension updated its 2023 Nebraska Crop Production Budgets on Tuesday. Using prices from October 2022, the budgets reveal input prices continue to rise, according to the UNL news release.

The estimated average economic or total cost per bushel for 2023 corn production is expected to be at least 23% to 25% greater compared to 2022. Soybeans are estimated to be 13% to 19% higher with wheat production costs rising by 20% from 2022 to 2023.

Fuel, fertilizer, and field operations are the main drivers of the increases in production costs in 2023. Increases in rental rates and land ownership costs are also adding to crop production costs with the all-land average value in Nebraska rising 16% for the year ended Feb. 1, 2022.

UNL Extension prepares crop budgets annually. In addition to corn, soybean and wheat production, other crops with budgets include alfalfa, dry edible beans, grain sorghum, grass hay, millet, peas, sugar beets and sunflowers.

UNL crop budgets can be found at https://cap.unl.edu/….

Most fertilizers continue to be higher in price than one year earlier, although two are now slightly lower.

10-34-0 is now 1% lower while urea is 8% less expensive than one year ago. UAN28 is 1% higher, UAN32 is 3% more expensive, MAP is 6% higher, both potash and anhydrous are 9% more expensive and DAP is 12% higher compared to last year.

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/….

Yara International is calling on European Union governments to take action to assure the supply of nitrogen for both, according to a Yara news release. You can read it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA

Nov 22-26 2021

830

915

775

868

Dec 20-24 2021

862

932

807

910

Jan 17-21 2022

863

932

807

916

Feb 14-18 2022

874

935

815

891

Mar 14-18 2022

970

1001

843

954

Apr 11-15 2022

1047

1071

875

1017

May 9-13 2022

1059

1083

881

1000

Jun 6-Jun 10 2022

1057

1077

880

977

Jul 4-8 2022

1038

1053

885

866

Aug 1-5 2022

1003

1036

883

812

Aug 29-Sep 2 2022

952

1022

877

804

Sep 26-30 2022

947

1005

874

812

Oct 24-28 2022

930

986

862

827

Nov 21-25 2022

927

972

841

802

Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32

Nov 22-26 2021

755

1308

574

660

Dec 20-24 2021

791

1424

583

679

Jan 17-21 2022

800

1433

585

683

Feb 14-18 2022

837

1488

603

703

Mar 14-18 2022

876

1520

610

706

Apr 11-15 2022

906

1534

630

730

May 9-13 2022

906

1529

634

730

Jun 6-Jun 10 2022

905

1518

633

731

Jul 4-8 2022

904

1466

609

702

Aug 1-5 2022

892

1387

592

679

Aug 29-Sep 2 2022

866

1364

576

671

Sep 26-30 2022

861

1380

581

670

Oct 24-28 2022

759

1422

580

678

Nov 21-25 2022

753

1419

583

681

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

Follow him on Twitter @RussQuinnDTN


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