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DTN Retail Fertilizer Trends 05/06 08:27
UAN, Anhydrous Lead Fertilizer Prices Higher in Last Week of April
Average retail prices for all eight major fertilizers were up from the
previous month during the fourth full week of April 2026. Prices for three
fertilizers were again up significantly, which DTN designates as anything 5% or
more. The remaining five fertilizers were just slightly more expensive.
Russ Quinn
DTN Staff Reporter
OMAHA (DTN) -- Average retail fertilizer prices continued to climb during
the fourth full week of April 2026, but the increases weren't as steep as they
have been in previous weeks, according to sellers surveyed by DTN.
All eight major fertilizers were more expensive compared to a month earlier.
Prices for three of the eight major fertilizers were up significantly, which
DTN designates as anything 5% or more.
Leading the way higher were UAN28 and UAN32. The average retail price of
UAN28 was 6% higher than last month at $526 per ton. UAN32 was also 6% more
expensive than last month with an average price of $595/ton.
Anhydrous was 5% more expensive compared to last month. The nitrogen
fertilizer had an average price of $1,116/ton.
The remaining five fertilizers were just slightly more expensive compared to
last month. DAP had an average price of $901/ton, MAP $939/ton, potash was
$492/ton, urea $866/ton and 10-34-0 $722/ton.
On a price per pound of nitrogen basis, the average urea price was
$0.94/lb.N, anhydrous $0.68/lb.N, UAN28 $0.94/lb.N and UAN32 $0.93/lb.N.
Higher fertilizer prices have caused fertilizer companies' stocks to rise
considerably. But much of the upside may already be reflected in the current
stock prices, according to a recent Dow Jones article.
Fertilizer company shares are up 61% year to date and near record highs.
Near-term trading is likely to track Iran-related headlines and energy prices,
and investors should expect volatility, according to Morgan Stanley analyst
Vincent Andrews.
Mizuho analyst Edlain Rodriguez believes nitrogen prices likely won't go up
much more from here since farmers won't be able to afford them.
"While it's thrilling to be on the roller coaster, knowing when to get off
is also part of the adventure," he said.
Nutrien runs a more diversified business, with nitrogen fertilizer and
potash each contributing roughly a third of its profits. Its potash supply has
been insulated from the Iran conflict, positioning the company as a relative
safe haven.
"Investors are holding Nutrien to avoid exposure to the volatility," said
Oppenheimer analyst Kristen Owen.
All eight fertilizers are now higher in price compared to one year earlier.
In addition, all but one are now double digits more expensive.
Potash is 4% higher, 10-34-0 is 9% more expensive, MAP is 14% higher, DAP is
15% more expensive, UAN32 is 26% higher, UAN28 is 36% more expensive, anhydrous
is 43% higher and urea is 45% more expensive looking back 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://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.mydtn.com%
2Fagriculture%2Fweb%2Fag%2Fmarkets%2Ffuels-fertilizers%23!%2Ffertilizers&data=05
%7C02%7Cruss.quinn%40dtn.com%7Cf1e47b0a053945b79ba208dd2439d8be%7Cd945da26f07f45
1496e79b8f78a743d0%7C0%7C0%7C638706553088378040%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0
eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3
D%3D%7C0%7C%7C%7C&sdata=0nHBqGRZc2sL6sv7UeOHHGnywVt9%2FerFeRhwM8JbKNg%3D&reserve
d=0.
The Trump administration revealed plans last week to alleviate the rising
fertilizer prices, according to a DTN articles. You can read about here:
https://www.dtnpf.com/agriculture/web/ag/crops/article/2026/04/29/10-34-0-leads-
fertilizer-prices.
DRY
Date Range DAP MAP POTASH UREA
Apr 28-May 2 2025 785 824 472 596
May 26-30 2025 798 831 475 662
June 23-27 2025 810 846 481 656
July 21-25 2025 811 881 483 645
Aug 18-22 2025 847 906 485 635
Sep 15-19 2025 904 921 486 619
Oct 13-17 2025 922 932 486 595
Nov 10-14 2025 929 930 490 597
Dec 8-12 2025 910 917 489 584
Jan 5-9 2026 847 877 484 567
Feb 2-6 2026 851 879 488 596
Mar 2-6 2026 850 882 487 625
Mar 30-Apr 3 2026 863 917 489 838
Apr 27-May 1 2026 901 939 492 866
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 28-May 2 2025 666 783 387 474
May 26-30 2025 669 776 418 494
June 23-27 2025 672 770 413 500
July 21-25 2025 672 764 419 497
Aug 18-22 2025 669 762 419 484
Sep 15-19 2025 667 777 420 474
Oct 13-17 2025 666 838 414 466
Nov 10-14 2025 667 857 416 465
Dec 8-12 2025 671 867 410 464
Jan 5-9 2026 674 869 410 465
Feb 2-6 2026 665 860 410 464
Mar 2-6 2026 663 895 412 467
Mar 30-Apr 3 2026 714 1060 496 564
Apr 27-May 1 2026 722 1116 526 595
Russ Quinn can be reached at Russ.Quinn@dtn.com
Follow him on social platform X @RussQuinnDTN
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