OMAHA (DTN) -- Most retail fertilizer prices continued to move slightly lower the second week of September 2017, according to fertilizer retailers surveyed by DTN.
Seven of the eight major fertilizers were just slightly lower compared to last month. DAP had an average price of $431 per ton, MAP $456/ton, potash $336/ton, urea $310/ton, 10-34-0 $416/ton, anhydrous $412/ton, UAN28 $210/ton and UAN32 $248/ton.
The remaining fertilizer was slightly higher compared to the previous month. Urea had an average price of $310 per ton.
On a price per pound of nitrogen basis, the average urea price was at $0.34/lb.N, anhydrous $0.25/lb.N, UAN28 $0.38/lb.N and UAN32 $0.39/lb.N.
Dow Jones reported last week that fertilizer-manufacturer Mosaic was expecting phosphate production to take a hit after Hurricane Irma blasted Florida. The state is home to several of the mines where the nutrient is mined.
The company said damage to its facilities and supply-chain disruptions would have an effect on production volumes in the third quarter, although the extent of the issues were not known at the time. A fertilizer warehouse east of Tampa saw some damage, and the company said it is not pricing phosphate for customers in the U.S. or abroad until it has a better grasp of available product or shipping capability.
Mosaic CEO Joc O'Rourke said the company's central Florida mines were idled in advance of the storm, but phosphate production should start again soon. The company is working on "an expedient resumption of operations."
All but one retail fertilizer are lower compared to a year earlier. Three of the eight major fertilizers are double digits lower.
Anhydrous is now 17% lower from a year ago, while 10-34-0 is 12% less expensive and UAN28 is 10% lower. UAN32 is 9% less expensive, urea is 4% lower, DAP is 3% less expensive and MAP is 1% lower. The one fertilizer higher compared to last year is potash, which is now 5% more expensive.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
DTN's average of retail fertilizer prices from a month earlier ($ per ton):
|Sept 12-16 2016||444||458||320||324|
|Oct 10-14 2016||438||452||313||316|
|Nov 7-11 2016||429||449||314||323|
|Dec 5-9 2016||434||443||318||333|
|Jan 2-6 2017||431||442||322||339|
|Jan 30-Feb 3 2017||430||448||329||353|
|Feb 27-Mar 03 2017||436||458||335||361|
|Mar 27-31 2017||438||465||338||356|
|Apr 24-28 2017||437||466||338||352|
|May 22-26 2017||436||471||340||343|
|Jun 19-23 2017||436||470||340||333|
|Jul 17-21 2017||435||464||339||309|
|Aug 14-18 2017||434||460||338||305|
|Sep 11-15 2017||431||456||336||310|
|Sept 12-16 2016||474||496||233||272|
|Oct 10-14 2016||454||475||224||264|
|Nov 7-11 2016||447||468||217||256|
|Dec 5-9 2016||445||463||219||257|
|Jan 2-6 2017||436||465||218||255|
|Jan 30-Feb 3 2017||439||482||236||270|
|Feb 27-Mar 03 2017||440||502||246||279|
|Mar 27-31 2017||441||508||248||279|
|Apr 24-28 2017||437||509||247||280|
|May 22-26 2017||436||503||249||280|
|Jun 19-23 2017||435||497||243||273|
|Jul 17-21 2017||425||425||229||265|
|Aug 14-18 2017||419||419||216||251|
|Sep 11-15 2017||416||412||210||248|
Russ Quinn can be reached at firstname.lastname@example.org
Follow Russ Quinn on Twitter @RussQuinnDTN
© Copyright 2017 DTN/The Progressive Farmer. All rights reserved.