Fertilizer prices continue to rise

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

With rising input prices, led by sharp increases in fertilizer prices, the profitability of corn and soybean producers will largely depend on continued strength in grain prices, Dow Jones reported on Tuesday.

Scott Irwin and Joe Janzen of the University of Illinois said demand for US grains in the world market remains somewhat uncertain, as exports will determine the level of ending stocks for this marketing year and the state. progress of the 2022 harvest.

“Rising input costs, especially for fertilizers, are reducing projected margins,” the pair said.

The duo said current data supports the idea that soybeans will meet export projections, but they are unsure for corn.

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

10-34-0 is now 71% more expensive, MAP is 74% higher, DAP is 82% more expensive, potash is 121% more expensive, urea is 151% more expensive, UAN32 is 171% higher, UAN28 178% is more expensive and anhydrous is 208% higher than last year.

DTN surveys over 300 retailers, collating around 1,700 fertilizer price quotes, 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/….

Frustrated farmers are adjusting their spring planting plans due to significantly higher fertilizer prices. You can read it here: https://www.dtnpf.com/….

The recent DTN Global Fertilizer Outlook series has drawn attention to what the global expectations might be in 2022. This series looked at the global supply of and demand for nutrients and the direction in which prices of nutrients could take. fertilizer in 2022.

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

Read the outlook for phosphorus here:

https://www.dtnpf.com/…

Read the outlook for potash here:

https://www.dtnpf.com/…

Dry
Date range DAP CARD POTASH UREA
21-25 Dec. 2020 474 535 365 363
Jan 18-22, 2021 493 563 379 387
15-19 Feb 2021 600 648 404 457
March 15-19, 2021 616 693 424 496
12-16 Apr 2021 624 702 432 509
May 10-14, 2021 631 702 437 515
June 7-11, 2021 656 717 450 527
July 5-9, 2021 690 729 491 549
2-6 August 2021 695 755 557 556
Aug 30-Sep 3, 2021 697 756 571 557
Sep 27-Oct 1, 2021 722 800 647 620
25-29 Oct 2021 812 873 731 751
22-26 November 2021 830 915 775 868
20-24 Dec. 2021 862 932 807 910
Liquid
Date range 10-34-0 ANHYD UAN28 UAN32
21-25 Dec. 2020 463 461 210 250
Jan 18-22, 2021 481 482 215 251
15-19 Feb 2021 522 530 245 288
March 15-19, 2021 596 671 331 373
12-16 Apr 2021 609 700 345 387
May 10-14, 2021 620 713 361 406
June 7-11, 2021 620 718 363 414
July 5-9, 2021 624 732 371 421
2-6 August 2021 631 738 367 418
Aug 30-Sep 3, 2021 632 749 371 420
Sep 27-Oct 1, 2021 638 782 388 444
25-29 Oct 2021 663 982 458 522
22-26 November 2021 755 1308 574 660
20-24 Dec. 2021 791 1424 583 679

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

Follow him on Twitter @RussQuinnDTN

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