UAN32% posted the steepest weekly decline among the four nutrient categories tracked in DTN Progressive Farmer's latest fertilizer price report, extending a multiweek slide across major farm inputs.

The urea ammonium nitrate solution carrying 32% nitrogen led price declines among all four nutrients DTN follows in its recurring wholesale coverage, according to the publication. The remaining categories in the weekly snapshot cover additional nitrogen forms, the phosphate products DAP and MAP, and potash.

What does DTN track each week?

DTN's fertilizer benchmark reports wholesale prices for the products that anchor fertilizer programs on corn, wheat and cotton acres. The standard set includes:

• UAN28% and UAN32% nitrogen solutions
• Anhydrous ammonia and urea
• DAP and MAP phosphates
• Potash (KCl)

The comparison window runs against both the prior week and the same week a year earlier, giving growers, retailers and lenders a reading on basis and seasonal direction.

Why does UAN32 tend to move first?

UAN32 is a liquid solution priced against anhydrous ammonia and urea on a per-pound nitrogen basis. Because it requires less application equipment than anhydrous and no dry-product handling, UAN32 often sets the marginal price in retail nitrogen markets. When global nitrogen supply loosens or natural gas costs ease, UAN32 absorbs the shift first — consistent with the pattern DTN now reports.

What does the slide mean for farm margins?

Cheaper nitrogen lowers variable cost on corn and wheat programs just as spring top-dress and sidedress demand builds. Retailers carrying fall inventory at higher replacement cost now face thinner margins, while growers who deferred bookings benefit from the late dip. Softer phosphate and potash prints add further relief on typical corn budgets, with the exact magnitude depending on region and application rate.

For now, fertilizer is no longer the dominant driver of per-acre cost increases in 2025 planning budgets.

What to watch next?

• Gulf and European natural gas benchmarks, which set marginal ammonia cost
• Spring fieldwork pace and any weather-driven application delays
• Lower Mississippi barge logistics, which move spring tons into the Corn Belt
• Chinese urea export policy, which periodically tightens global supply

DTN's next weekly tracker will tell growers whether UAN32 holds the lead or whether anhydrous and urea catch up as sidedress demand peaks.