DTN Retail Fertilizer Trends

OMAHA (DTN) -- Most average retail fertilizer prices continued to be higher than last month during the first week of February 2025, according to sellers surveyed by DTN. And for the second consecutive week, prices for two fertilizers were up considerably.

Retail prices for six of the eight major fertilizers were higher, with the price of two up significantly, which DTN designates as anything 5% or more. Leading the pack were urea, which was 7% higher compared to last month with an average price of $525 per ton, and UAN32, which was 6% more expensive with an average price of $388 per ton.

The prices of four other fertilizers were slightly higher than last month: DAP had an average price of $745, 10-34-0 $632/ton, anhydrous $741/ton and UAN28 $332/ton.

Prices for the remaining two fertilizers were down slightly from last month. MAP had an average price of $806/ton, while potash was at $436/ton looking back a month.

On a price per pound of nitrogen basis, the average urea price was $0.57/lb.N, anhydrous $0.45/lb.N, UAN28 $0.59/lb.N and UAN32 $0.61/lb.N.

In a University of Illinois Farmdoc Daily report titled "Tariff Threats and US Fertilizer Imports" from Feb. 4, agricultural economics staff examined possible tariffs on imports from Canada and Mexico and the effect they might have on fertilizer (https://farmdocdaily.illinois.edu/…).

Potassium (K) would likely see the greatest price increase given the U.S.'s reliance on imports, according to the report.

"According to the Illinois Production Cost report, potash prices are currently around $450 per ton," the report said. "Full pass-through of the 25% tariff could increase prices by more than $100 per ton for supplies sourced from Canada."

While U.S. farmers are less reliant on imports of nitrogen fertilizers, tariffs could also lead to higher prices for those products, the report said. No significant impact on phosphorus fertilizer would be expected given the small reliance on imports and the negligible import levels from Canada, Mexico and China, according to the report.

Two fertilizers are now higher in price compared to one year ago. DAP is 1% higher while 10-34-0 is 4% more expensive looking back to last year.

The remaining six fertilizers are lower. MAP, urea, UAN28 and UAN32 are all 1% less expensive, anhydrous is 4% lower and potash is 14% less expensive 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/….

Possible tariffs could have negative affect on Canadian potash prices, according to different sources. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
Feb 5-9 2024	736	809	508	528
Mar 4-8 2024	760	816	505	564
Apr 1-5 2024	780	828	514	577
Apr 29-May 3 2024	781	830	513	585
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
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Feb 5-9 2024	610	773	335	390
Mar 4-8 2024	622	788	344	396
Apr 1-5 2024	633	794	362	405
Apr 29-May 3 2024	641	794	364	418
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

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

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