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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, January 19, 2022 5:00AM CST

OMAHA (DTN) -- Retail fertilizer prices continue to be mostly higher the second week of January 2022, according to retailers surveyed by DTN. However, for the first time in more than 13 months, a fertilizer was actually lower than a month ago.

None of the eight major fertilizers were up a considerable amount, another new trend. DTN designates a significant move as anything 5% or more.

Seven of the eight major fertilizers were slightly higher. DAP had an average price of $863 per ton, potash $807/ton, urea $913/ton (all-time high), 10-34-0 $796/ton, anhydrous $1,430/ton (all-time high), UAN28 $584/ton (all-time high) and UAN32 $679/ton (all-time high).

One fertilizer was actually lower compared to a month ago; this is the first time this has happened since the first week of December 2020. MAP was down just slightly and had an average price of $932/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.99/lb.N, anhydrous $0.87/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

The Federal Reserve Board is expecting the income of U.S. farmers to drop in 2022, according to Dow Jones.

Expectations are for income to be lower in 2022 than in 2021, as recent growth in input prices outpaced growth in agricultural commodity prices. Farmers expect this trend to continue, according to the Federal Reserve in a report published last week.

Higher costs for inputs like fertilizer, as well as fuel and transportation, are pressuring farmers' budgets globally, even as grain futures remain at high levels not seen in several years.

Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly, with several fertilizers having well over 100% price increases.

MAP is now 69% more expensive, 10-34-0 is 70% higher, DAP is 78% more expensive, potash is 116% higher, urea is 145% more expensive, UAN32 is 175% higher, UAN28 178% is more expensive and anhydrous is 202% higher compared to last year.

DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

A post in the University of Illinois Farm Policy News reported a couple global events could affect fertilizer supply and thus price. You can read it here: https://www.dtnpf.com/….

The recent DTN Global Fertilizer Outlook series focused attention to what the world expectation could be in 2022. This series examined the supply and demand of nutrients globally as well as what direction fertilizer prices could go in the New Year.

Read the nitrogen outlook here: https://www.dtnpf.com/….

Read the phosphorus outlook here:

https://www.dtnpf.com/…

Read the potash outlook here:

https://www.dtnpf.com/…

DRY
Date Range DAP MAP POTASH UREA
Jan 11-15 2021 486 551 373 373
Feb 8-12 2021 588 642 398 453
Mar 8-12 2021 615 690 423 483
Apr 5-9 2021 618 699 431 504
May 3-7 2021 634 705 436 514
May 31-Jun 4 2021 652 712 443 524
Jun 28-Jul 2 2021 677 721 476 542
Jul 26-30 2021 695 753 549 554
Aug 23-27 2021 697 756 569 557
Sep 20-24 2021 709 786 625 585
Oct 18-22 2021 810 863 716 735
Nov 15-19 2021 825 911 769 859
Dec 13-17 2021 858 935 796 901
Jan 10-14 2022 863 932 807 913
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jan 11-15 2021 469 474 210 247
Feb 8-12 2021 512 524 243 285
Mar 8-12 2021 581 625 306 344
Apr 5-9 2021 605 692 341 378
May 3-7 2021 618 712 358 398
May 31-Jun 4 2021 619 719 363 412
Jun 28-Jul 2 2021 625 730 366 421
Jul 26-30 2021 631 737 365 419
Aug 23-27 2021 632 748 370 420
Sep 20-24 2021 633 772 383 436
Oct 18-22 2021 659 940 451 492
Nov 15-19 2021 739 1220 571 651
Dec 13-17 2021 790 1420 579 663
Jan 10-14 2022 796 1430 584 679

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

Follow him on Twitter @RussQuinnDTN


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