Anhydrous Retail Price Jumps 6%, Leading Fertilizer Prices Higher. 10/26/2023

By Todd Neeley
October 25, 2023

DTN Retail Fertilizer Trends
Anhydrous Retail Price Jumps 6%, Leading Fertilizer Prices Higher

LINCOLN, Neb. (DTN) -- Retail prices of all eight major fertilizers continued to climb in the third week of October, with anhydrous leading the way while farmers continued to hit the fields.

Anhydrous climbed 6% on average to $809 per ton, the only significant jump this week. DTN surveys retail fertilizer sellers weekly to establish price estimates. DTN considers a price change of 5% or higher a significant move.

The average price of MAP increased by about 4% to $791 this week. UAN32's price jumped by 3% to $418.

Three fertilizers reported increases of 1% from last month, with urea at $574 per ton, UAN28 at $356 and DAP at $709.

There were two fertilizers that showed small gains -- potash at $504 per ton and 10-34-0 at $612.

On a price per pound of nitrogen basis, the average urea price was at $1.01/lb.N, anhydrous $1.06/lb.N, UAN28 $1.01/lb.N and UAN32 $1.03/lb.N.

The North Dakota Legislature reconvened this week after a North Dakota Office of Management and Budget bill was ruled unconstitutional by the state's supreme court.

The North Dakota Farmers Union was calling on lawmakers this week to retain a program designed to support in-state fertilizer production.

"Expanding in-state fertilizer production was a top legislative priority for our members this past legislative session and it remains a priority," NDFU President Mark Watne said in a news release.

In Senate Bill 2015, legislators directed the Clean Sustainable Energy Authority to establish a fertilizer development incentive program of up to $125 million.

"Because we are at the end of the supply chain, farmers in North Dakota are consistently subjected to higher fertilizer prices and extreme price volatility compared to other parts of the country," Watne said.

"This bill would position North Dakota as a leader in cutting-edge fertilizer production technology. It's a win for farmers and a win for North Dakota."

All fertilizers are now lower by double digits compared to one year ago. MAP is 20% lower, DAP is 24% less expensive, 10-34-0 is 19% lower, urea is 30% less expensive, both UAN28 and UAN32 are 38% lower, potash is 42% lower and anhydrous is 43% 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/�.

Dry
Date Range	DAP	MAP	POTASH	UREA
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
July 24-28 2023	795	791	594	581
Aug 21-25 2023	735	764	557	575
Sep 18-22 2023	702	757	501	566
Oct 16-20 2023	709	791	504	574

Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
July 24-28 2023	715	691	383	442
Aug 21-25 2023	698	622	355	399
Sep 18-22 2023	610	763	352	405
Oct 16-20 2023	612	809	356	418

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on X, formerly known as Twitter, @DTNeeley

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