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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, June 19, 2024 4:55AM CDT

OMAHA (DTN) -- Average retail prices for seven of the eight major fertilizers were down from last month during the second week of June 2024, according to sellers surveyed by DTN.

After a week in which no fertilizer prices moved considerably in either direction, prices of two fertilizers were down significantly, which DTN designates as anything 5% or more. Anhydrous was 7% less expensive compared to last month with an average price of $737 per ton. And urea was 6% lower than a month ago with an average price of $525 per ton.

Prices of five fertilizers were down just slightly from last month. DAP had an average price of $779 per ton, MAP $827/ton, potash $507/ton, UAN28 $352/ton and UAN32 $400/ton.

One fertilizer was just slightly higher in price from last month: 10-34-0 had an average price of $642/ton.

On a price per pound of nitrogen basis, the average urea price was $0.57/lb.N, anhydrous $0.45/lb.N, UAN28 $0.63/lb.N and UAN32 $0.63/lb.N.

A new product that coats dry fertilizer in a single application is touting an increase in agricultural productivity. DPH Biologicals has introduced Envelix Prime, according to www.fertilizerdaily.com. (https://www.fertilizerdaily.com/….

The coating binds beneficial bacterial and fungal microorganisms to the fertilizer prill (small pellets), enhancing nutrient uptake efficiency. A 2023 trial on corn at the V3 leaf stage lead to the increase of several key nutrients, including phosphorus (by 18%), sulfur (by 10%), boron (by 9%) and copper (by 8%), according to the Fertilizer Daily article.

Envelix Prime is compatible with multiple fertilizer types, including MAP, DAP and urea. The product is now available to retail partners and fertilizer blending facilities, starting this fall, according to the article.

All fertilizers are lower compared to one year ago. MAP is 1% lower, DAP is 5% less expensive, anhydrous is 6% lower, both 10-34-0 and UAN28 are 13% less expensive, both urea and UAN32 are now 16% lower and potash is 18% less expensive 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/….

With wet field conditions across the Corn Belt this spring, growers are asking themselves if they need to apply supplemental nitrogen fertilizer, according to a news release from the University of Minnesota Extension. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
June 12-16 2023 823 832 621 624
July 10-14 2023 811 823 614 609
Aug 7-Aug 11 2023 758 764 566 576
Sep 4-8 2023 738 745 518 563
Oct 2-6 2023 705 791 508 573
Oct 30-Nov 3 2023 713 801 508 573
Nov 27-Dec 1 2023 715 820 518 552
Dec 25-29 2023 721 812 514 536
Jan 22-26 2024 734 809 509 527
Feb 19-23 2024 749 812 506 534
Mar 18-22 2024 778 823 506 574
Apr 15-19 2024 780 830 513 585
May 13-17 2024 789 829 511 556
Jun 10-14 2024 779 827 507 525
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
June 12-16 2023 737 781 406 476
July 10-14 2023 730 734 393 465
Aug 7-Aug 11 2023 714 634 369 400
Sep 4-8 2023 611 693 356 390
Oct 2-6 2023 609 790 354 414
Oct 30-Nov 3 2023 611 826 358 415
Nov 27-Dec 1 2023 595 847 341 409
Dec 25-29 2023 599 792 340 394
Jan 22-26 2024 610 770 335 390
Feb 19-23 2024 615 764 339 393
Mar 18-22 2024 628 793 358 402
Apr 15-19 2024 641 794 364 418
May 13-17 2024 642 792 364 418
Jun 10-14 2024 642 737 352 400

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

Follow him on social platform X @RussQuinnDTN.


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