"Fertilizer prices down, but likely to rise as planting season approaches"
"The U.S. has seen some relief on fertilizer prices in January, down about 20 percent for most products, which is not as much as producers hoped for. However, Bryon Parman, NDSU Extension agricultural finance specialist, said the same issues that caused prices to go up are still there, and prices will likely rise as the 2023 planting season approaches."
"“We are seeing some relief compared to a year ago, but those who were thinking that fertilizer prices were going to come crashing down by last summer and the end of the fall – that didn’t really happen,” he said. While Parman noted a 20 percent decline is not insignificant, producers would have liked to have seen prices lower than that. “There’s been no bottom falling out or anything like that, and typically, December is when we would have seen the least expensive fertilizer prices of the year,” Parman said. “But fertilizer tends to ramp back up in cost as we approach spring planting, so I wouldn’t be surprised to see some of these prices go up in the coming months as planting ramps up, because a lot of the issues that existed last year are still there.”"
"Parman showed some of the current prices for fertilizer in surrounding states, according to DTN:
* There is no data for North Dakota, as there are not enough purchases to warrant an average price.
• The national average on anhydrous is $1,300 per ton, with Minnesota anhydrous at almost $1,400 per ton, and Nebraska at $1,315 per ton.
• Urea in South Dakota, $700 per ton, while Minnesota is closer to $850 per ton and Nebraska at $750 per ton.
• MAP and DAP, $900 per ton; and potash is at $775 per ton."
[Imagine that - fert prices falling in December to year lows as expected. This is part of the reason I posted the detailed planting and fertilizer windows yesterday: N fert must be available and positioned during the very narrow optimal windows in the spring and fall. When it's not needed, prices tend to drift lower. When it is, then it all becomes needed nearly at once. This is the N fert cycle - like it or not]