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DTN Retail Fertilizer Trends  11/23 13:11

   Fertilizer Prices Mainly Lower

   Fertilizer prices for the second full week of November 2022 are slightly 
lower with five fertilizers down while the remaining three fertilizers are 
higher compared to last month. 

Russ Quinn
DTN Staff Reporter

   OMAHA (DTN) -- Retail fertilizer sellers tracked by DTN for the second week 
of November 2022 continue to show prices floating around slightly higher and 
slightly lower.

   Five fertilizers were marginally lower compared to last month while the 
remaining three were somewhat higher. No fertilizer was substantially higher or 
lower; DTN designates a significant move as anything 5% or more.

   The five slightly lower were MAP, potash, urea, 10-34-0 and anhydrous. MAP 
had an average price of $978/ton, potash $848/ton, urea $812/ton, 10-34-0 
$753/ton and anhydrous $1,415/ton.

   The other three fertilizers were slightly more expensive looking back to 
last month. DAP had an average price of $930/ton, UAN28 $584/ton and UAN32 
$681/ton.

   On a price per pound of nitrogen basis, the average urea price was at 
$0.88/lb.N, anhydrous $0.86/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

   In a recent press release, Yara International called on European Union 
governments to take action to assure the supply of nitrogen both for fertilizer 
and nonfertilizer uses. The fertilizer giant said AdBlue, which is produced in 
the same plants that manufacture fertilizer, is essential for a functioning 
transportation sector with more than 29 million vehicles in Europe requiring 
this product.

   "Continuous and undisrupted supply of AdBlue is vital. Clean air to breath 
and a functioning transport sector are fundamental for society," said Jorge 
Noval, president of Yara International Solutions. "Fertilizer and food 
supplies, pharmaceutical and hospital supplies -- they all rely on AdBlue."

   Yara said the E.U.'s package of solutions for the European fertilizer 
industry should include two main points.

   First, the E.U. needs to secure continued access to natural gas for 
fertilizer plants. Natural gas is the raw material for fertilizer plants needed 
to keep production running. 

   Secondly, Yara wants the E.U. to reinforce Europe's strategic autonomy. 
European authorities should prioritize the supply of raw materials for European 
nitrogen production to avoid increased carbon emissions and prevent new 
dependencies, according to Yara.

   Most fertilizers continue to be higher in price than one year earlier, 
although one is now slightly lower.

   Urea is now 5% less expensive from one year ago. Both UAN28 and 10-34-0 are 
2% higher, UAN32 is 5% more expensive, MAP is 7% higher, potash is 10% more 
expensive, DAP is 13% higher and anhydrous is 16% more 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/agriculture/web/ag/markets/fuels-fertilizers%23!/fertilize
rs.

   A recent study from the World Trade Organization (WTO) and the UN Food and 
Agriculture Organization (FAO) calls for improved access to fertilizer across 
the world to avert a looming food crisis, according to a WTO press release. You 
can read it here: 
https://www.dtnpf.com/agriculture/web/ag/crops/article/2022/11/16/fertilizer-pri
ces-evenly-mixed .

Dry
Date Range                       DAP           MAP       POTASH      UREA
Nov 15-19 2021                   825           911       769         859
Dec 13-17 2021                   858           935       796         901
Jan 10-14 2022                   863           932       807         913
Feb 7-11 2022                    876           935       815         905
Mar 7-11 2022                    919           955       822         901
Apr 4-8 2022                     1040          1056      875         1031
May 2-6 2022                     1057          1081      881         1001
May 30-Jun 3 2022                1056          1079      880         979
Jun 27-Jul 1 2022                1039          1053      885         867
Jul 25-20 2022                   1005          1041      887         836
Aug 22-26 2022                   972           1026      880         804
Sep 19-23 2022                   950           1005      875         811
Oct 17-21 2022                   930           986       863         826
Nov 14-18 2022                   930           978       848         812
Liquid
Date Range                       10-34-0       ANHYD     UAN28       UAN32
Nov 15-19 2021                   739           1220      571         651
Dec 13-17 2021                   790           1420      579         663
Jan 10-14 2022                   796           1430      584         679
Feb 7-11 2022                    827           1487      600         699
Mar 7-11 2022                    866           1490      603         704
Apr 4-8 2022                     901           1534      629         729
May 2-6 2022                     906           1534      631         730
May 30-Jun 3 2022                905           1529      633         731
Jun 27-Jul 1 2022                904           1466      611         702
Jul 25-20 2022                   894           1431      596         693
Aug 22-26 2022                   869           1331      575         676
Sep 19-23 2022                   860           1376      578         670
Oct 17-21 2022                   759           1419      576         678
Nov 14-18 2022                   753           1415      584         681

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

   Follow him on Twitter @RussQuinnDTN




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