- DTN Headline News
DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, September 20, 2023 6:35AM CDT

OMAHA (DTN) -- Average retail prices for all fertilizers were down from last month during the second week of September 2023 except for the price of anhydrous, which climbed again, according to sellers surveyed by DTN.

Seven of the eight major fertilizers were less expensive compared to last week, though only three saw a significant drop, which DTN designates as anything 5% or more. 10-34-0 was 15% lower compared to last month with an average price of $600 per ton. Potash was 10% less expensive looking back to last month with an average price of $500/ton. DAP was 5% lower compared to the prior month with an average price of $710/ton.

Prices for the remaining four fertilizers were just slightly lower compared to last month. MAP had an average price of $742/ton, urea $554/ton, UAN28 $353/ton and UAN32 $389/ton.

As has been the case the past two weeks, the only fertilizer with a higher price was anhydrous. The nitrogen fertilizer was 11% more expensive compared to last month with an average price of $696/ton.

On a price per pound of nitrogen basis, the average urea price was $0.60/lb.N, anhydrous $0.42/lb.N, UAN28 $0.63/lb.N and UAN32 $0.61/lb.N.

A collaboration between Northwestern University and the University of Toronto has found that producing urea by using electrified synthesis could denitrify wastewater while also enabling low-carbon-intensity urea, according to an article at www.Phys.org. (https://phys.org/…)

The process, which includes converting carbon dioxide and waste nitrogen by using a hybrid catalyst made of zinc and copper, could benefit wastewater treatment facilities by reducing their carbon footprint and supplying a potential revenue stream.

"It's estimated that synthetic fertilizer supports half of the global population," said Northwestern professor Ted Sargent. "A chief priority of decarbonization efforts is to increase quality of life on Earth, while simultaneously decreasing society's net CO2 intensity."

There's a way to go before this process can be commercialized, the researcher said. The reaction as it stands now does not account for impurities found in a water treatment context, and they also hope to increase the amount of time their process can operate.

All fertilizers are now lower by double digits compared to one year ago: DAP by 25%, MAP by 27%, 10-34-0 by 30%, urea by 32%, UAN28 by 39%, UAN32 by 41%, potash by 43%, and anhydrous is 49% cheaper.

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/….

Minnesota farmers are reminded that fall nitrogen fertilizer applications are restricted in some areas of the state, according to a recent Minnesota Department of Agriculture news release. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA

Sep 12-16 2022

952

1009

877

808

Oct 10-14 2022

925

986

863

824

Nov 7-11 2022

931

980

853

812

Dec 5-Dec 9 2022

920

950

819

784

Jan 2-Jan 6 2023

876

879

752

739

Jan 30-Feb 3 2023

847

862

704

698

Feb 27-Mar 3 2023

827

827

666

648

Mar 27-31 2023

818

810

644

626

Apr 24-28 2023

827

804

624

595

May 22-26 2023

834

832

624

623

June 19-23 2023

825

827

618

619

July 17-21 2023

807

812

608

596

Aug 14-18 2023

745

762

558

573

Sep 11-15 2023

710

742

500

554

LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32

Sep 12-16 2022

861

1369

578

665

Oct 10-14 2022

759

1417

576

670

Nov 7-11 2022

758

1434

582

680

Dec 5-Dec 9 2022

751

1415

581

681

Jan 2-Jan 6 2023

754

1302

573

673

Jan 30-Feb 3 2023

754

1223

518

583

Feb 27-Mar 3 2023

741

1077

444

525

Mar 27-31 2023

741

1026

428

513

Apr 24-28 2023

740

928

426

508

May 22-26 2023

739

798

419

509

June 19-23 2023

734

755

402

471

July 17-21 2023

717

713

385

457

Aug 14-18 2023

705

630

359

399

Sep 11-15 2023

600

696

353

389

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

Follow him on X, formerly Twitter, @RussQuinnDTN


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