OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first full week of May 2026 continue to move higher.

All eight major fertilizers are more expensive compared to a month earlier. However, only one major fertilizer had a sizable price increase compared to the prior month. DTN designates a significant move as anything 5% or more.

DAP was up 6% from the previous month. The phosphorus fertilizer had an average price of $914 per ton.

The remaining seven fertilizers were just slightly more expensive compared to last month. MAP had an average price of $942 per ton, potash was $493/ton, urea $865/ton, 10-34-0 $722/ton, anhydrous $1,118/ton, UAN28 $530/ton and UAN32 $596/ton.

On a price per pound of nitrogen basis, the average urea price was $0.94/lb.N, anhydrous $0.68/lb.N, UAN28 $0.95/lb.N and UAN32 $0.93/lb.N.

Fertilizer costs have risen significantly following the beginning of the conflict with Iran, according to an article titled "Fertilizer Cost Increases Resulting From the Iran Conflict" in the farmdoc Daily e-newsletter from the University of Illinois (https://farmdocdaily.illinois.edu/…).

The impact of higher fertilizer prices varies across farms, depending on the timing of fertilizer purchases and the type of nitrogen fertilizer used. Farms that purchased prior to February will see limited effects on 2026 production costs, but farmers who did not lock in fertilizer costs will see higher nutrient costs in 2026.

All farmers are expected to face significantly higher fertilizer costs for the 2027 crop.

Farmers with unpriced nitrogen may consider switching acres from corn to soybeans to reduce nitrogen costs. Also, farmers should consider lowering nitrogen application rates if their rates are above maximum return-to-nitrogen rates.

"All farmers will face the brunt of higher (fertilizer) prices in 2027, leading to consideration of adjustments such as lowering application rates, switching to anhydrous ammonia and moving application to post-plant," the report said. "Moreover, another round of inflation in all farm inputs should be anticipated for 2027."

All eight fertilizers are now higher in price compared to one year earlier.

Potash is 4% higher, 10-34-0 is 9% more expensive, MAP is 14% higher, DAP is 16% more expensive, UAN32 is 23% higher, UAN28 is 30% more expensive, urea is 39% higher and anhydrous is 43% 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://www.mydtn.com/….

Higher retail fertilizer prices have caused fertilizer companies' stocks to rise considerably, according to a recent Dow Jones article. You can read about here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
May 5-9 2025	787	825	473	621
June 2-6 2025	802	832	475	663
June 30-July 4 2025	810	847	481	656
July 28-Aug 1 2025	817	884	483	645
Aug 25-30 2025	853	910	485	632
Sep 22-26 2025	904	922	486	619
Oct 20-24 2025	926	932	487	598
Nov 17-21 2025	928	926	490	594
Dec 15-19 2025	873	884	484	567
Jan 12-16 2026	847	863	482	573
Feb 9-13 2026	851	879	487	601
Mar 9-13 2026	851	889	488	674
Apr 6-10 2026	866	922	489	847
May 4-8 2026	914	942	493	865
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
May 5-9 2025	665	783	406	484
June 2-6 2025	669	776	419	495
June 30-July 4 2025	672	770	418	501
July 28-Aug 1 2025	672	762	419	497
Aug 25-30 2025	667	765	417	482
Sep 22-26 2025	666	780	420	474
Oct 20-24 2025	667	842	413	466
Nov 17-21 2025	667	862	417	466
Dec 15-19 2025	674	864	409	466
Jan 12-16 2026	664	856	408	465
Feb 9-13 2026	665	861	411	465
Mar 9-13 2026	670	924	464	489
Apr 6-10 2026	717	1088	513	572
May 4-8 2026	722	1118	530	596

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

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