DTN retail fertilizer prices for the first week of June 2025 reveal a sharp climb: seven of eight major nutrients rose relative to May, with urea leading at a +7% monthly increase, reaching $663/ton. This jump underscores strong seasonal demand and constrained supply in both nitrogen (N) and phosphorus (P) markets.

Key Retail Price Trends (June 3-7 vs. May 5-9)

• Urea: $663/ton (+7%)

• DAP: $802/ton (first time above $800/ton since July 2023)

  

• MAP: $832/ton

• Potash: $475/ton

• 10-34-0: $669/ton

• UAN28: $419/ton

• UAN32: $495/ton

• Anhydrous: $776/ton (only nutrient slightly down)

In per-unit terms, urea at $0.72/lb N, UAN28 at $0.75, UAN32 at $0.77, and anhydrous at $0.47 show nitrogen remains relatively cost-intensive.

Comparing June 2025 to June 2024:

• Potash: down 7%

• MAP: +1%, DAP & Anhydrous: +3%, 10-34-0: +4%

• UAN28: +19%, UAN32: +22%, Urea: +24%

This marks a considerable inflation in nitrogen fertilizers over 12 months, reflecting global supply constraints amplified by rising demand-a scenario consistent with winter analysts' warnings about N and P tightness.

As typical for early planting season, retail outlets refill stock, pushing prices up. Persistent supply challenges in global nitrogen and phosphorus production have exacerbated this trend.

Will prices retreat as filling season winds down? It's more likely they stabilize until additional N and P supply becomes available rather than plunge immediately.

This June's sharp increases in urea and other nitrogen inputs amplify input costs pressures for growers budgeting for the 2025 season. Sustained rates will likely shift crop insurance strategies, commodity price forecasts, and yield planning. Farmers and co-ops must monitor global market flows and adjust purchasing timing accordingly.

Next steps: Watch for October updates when supply injections potentially ease nitrogen prices, affecting the retail fertilizer market dynamics.