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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, November 27, 2024 12:34PM CST

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the third week of November 2024 continued to show mostly slight moves higher compared to last month.

Six of the eight major fertilizers were higher in price compared to last month. Once again, no fertilizer had a sizeable price increase or decline. DTN designates a significant move as anything 5% or more.

The six slightly higher fertilizers are DAP which had an average price of $740/ton, MAP $811/ton, 10-34-0 $611/ton, anhydrous $718/ton, UAN28 $323/ton and UAN32 $364/ton.

Two fertilizers were slightly less expensive than a month ago. Potash had an average price of $443/ton while urea was at $498/ton looking back to the prior month.

On a price per pound of nitrogen basis, the average urea price was $0.54/lb.N, anhydrous $0.44/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.

If President-elect Donald Trump's proposed 25% tariff on Canadian goods happens, U.S. farmers are likely to see higher fertilizer prices, according to Dow Jones. This would come at a time when input prices are already high and affecting farmers' profitability.

"A 25% tariff on Canadian imports could lift Corn Belt potash prices relative to the rest-of-world pricing," said ADM Investor Services in a note. "Though the U.S. is import-dependent on all fertilizers, a 25% tariff would be acutely felt by the potash trade."

The note reports potash pricing could increase about $80/ton to cover the levy all while farmers' crop budgets are already near breakeven for the 2025 growing season.

Three fertilizers are now higher in price compared to one year ago. MAP is 1% higher, DAP is 4% more expensive and 10-34-0 is 5% higher looking back to last year.

The remaining five fertilizers are lower. UAN28 is 5% less expensive, UAN32 is 10% lower, urea is 13% less expensive, and both potash and anhydrous are 14% lower 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/….

A new app was launched recently by the Nebraska Association of Resource Districts to allow farmers to more easily report annual levels of fertilizer application. You can read about it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
Nov 20-24 2023 713 811 512 570
Dec 18-22 2023 721 815 517 537
Jan 15-19 2024 727 810 510 530
Feb 12-16 2024 739 809 504 529
Mar 11-15 2024 771 817 505 566
Apr 8-12 2024 791 831 514 587
May 6-10 2024 789 831 511 557
Jun 3-7 2024 781 827 508 535
Jul 1-5 2024 760 821 506 506
Jul 29-Aug 2 2024 744 819 503 504
Aug 26-30 2024 742 814 487 492
Sep 23-27 2024 738 812 457 485
Oct 21-25 2024 740 808 452 500
Nov 18-22 2024 740 811 443 498
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Nov 20-24 2023 583 833 338 402
Dec 18-22 2023 599 807 342 402
Jan 15-19 2024 601 770 334 391
Feb 12-16 2024 610 771 336 392
Mar 11-15 2024 622 789 355 397
Apr 8-12 2024 640 795 363 417
May 6-10 2024 642 792 364 418
Jun 3-7 2024 642 757 353 406
Jul 1-5 2024 642 705 345 389
Jul 29-Aug 2 2024 640 676 338 376
Aug 26-30 2024 639 676 328 364
Sep 23-27 2024 593 684 320 351
Oct 21-25 2024 604 705 316 363
Nov 18-22 2024 611 718 323 364


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

Follow him on social platform X @RussQuinnDTN


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