DTN Retail Fertilizer Trends
OMAHA (DTN) -- Average retail prices for major fertilizers continue to be mostly higher for the fourth week of May, according to sellers surveyed by DTN.
Average retail prices for seven of the eight major fertilizers were higher compared to last month for the third straight week. DTN designates a significant move as anything 5% or more.
Leading the way higher again was urea. The nitrogen fertilizer was 11% higher compared to last month with an average price of $662 per ton.
UAN28 also was more expensive compared to last month. The liquid nitrogen was 8% higher and had an average price of $418/ton.
Five fertilizers had slightly higher prices. DAP had an average price of $798/ton, MAP $831/ton, potash $475/ton, 10-34-0 $669/ton and UAN32 $494/ton.
One fertilizer was slightly lower looking back to the prior month. Anhydrous had an average price of $776/ton.
On a price per pound of nitrogen basis, the average urea price was $0.72/lb.N, anhydrous $0.47/lb.N, UAN28 $0.75/lb.N and UAN32 $0.77/lb.N.
One analyst recently increased the stock price target for fertilizer giant, Mosaic. Scotiabank's analyst, Ben Isaacson, increased the company's stock from $34 to $42, according to an article from gurufocus.com.
Although the firm suggests a general reduction in exposure to fertilizer stocks, Mosaic stands out as the only stock in the Global Fertilizer sector under their coverage that maintains a "buy" status. This outlook is influenced by factors such as grower sentiment, NPK pricing, valuation and overall investors sentiment.
"(This) is leading to a more cautious approach towards fertilizer investments," the report said.
Seven fertilizers are now higher in price compared to one year earlier: DAP by 1%, both MAP and anhydrous by 2%, 10-34-0 by 4%, UAN28 by 17%, UAN32 by 22% and urea by 23%.
The remaining fertilizer, potash, continues to be lower -- by 7% 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/….
More Chinese urea exports could be entering the world fertilizer market, according to a fertilizer analyst. You can read about it here: https://www.dtnpf.com/….
| Dry | ||||
| Date Range | DAP | MAP | POTASH | UREA |
| May 27-31 2024 | 781 | 828 | 508 | 537 |
| Jun 24-28 2024 | 760 | 821 | 506 | 506 |
| Jul 22-26 2024 | 745 | 818 | 502 | 504 |
| Aug 19-23 2024 | 745 | 816 | 493 | 492 |
| Sep 16-20 2024 | 740 | 814 | 459 | 485 |
| Oct 14-18 2024 | 738 | 806 | 451 | 496 |
| Nov 11-15 2024 | 740 | 811 | 443 | 498 |
| Dec 9-13 2024 | 740 | 816 | 443 | 495 |
| Jan 6-10 2025 | 738 | 808 | 444 | 490 |
| Feb 3-7 2025 | 745 | 806 | 436 | 525 |
| Mar 3-7 2025 | 765 | 810 | 447 | 548 |
| Mar 31-Apr 4 2025 | 768 | 819 | 462 | 565 |
| Apr 28-May 2 2025 | 785 | 824 | 472 | 596 |
| May 26-30 2025 | 798 | 831 | 475 | 662 |
| Liquid | ||||
| Date Range | 10-34-0 | ANHYD | UAN28 | UAN32 |
| May 27-31 2024 | 642 | 758 | 356 | 406 |
| Jun 24-28 2024 | 642 | 705 | 345 | 389 |
| Jul 22-26 2024 | 642 | 677 | 339 | 377 |
| Aug 19-23 2024 | 639 | 668 | 330 | 373 |
| Sep 16-20 2024 | 594 | 685 | 320 | 351 |
| Oct 14-18 2024 | 604 | 701 | 316 | 361 |
| Nov 11-15 2024 | 607 | 711 | 323 | 364 |
| Dec 9-13 2024 | 611 | 721 | 323 | 362 |
| Jan 6-10 2025 | 615 | 735 | 326 | 365 |
| Feb 3-7 2025 | 632 | 741 | 332 | 388 |
| Mar 3-7 2025 | 646 | 751 | 354 | 397 |
| Mar 31-Apr 4 2025 | 650 | 770 | 360 | 423 |
| Apr 28-May 2 2025 | 666 | 783 | 387 | 474 |
| May 26-30 2025 | 669 | 776 | 418 | 494 |
Russ Quinn can be reached at Russ.Quinn@dtn.com
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