OMAHA (DTN) -- Average retail fertilizer prices continue to be mostly higher the first full week of May 2018, according to retailers surveyed by DTN.
Seven of the eight major fertilizers were once again priced higher than last month, although none by a significant amount. DAP had an average price of $483 per ton, MAP $505/ton, potash $354/ton, 10-34-0 $431/ton, anhydrous $512/ton, UAN28 $241/ton and UAN32 $276/ton.
The remaining fertilizer was slightly lower in price compared to the previous month. Urea had an average price of $366/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.40/lb.N, anhydrous $0.31/lb.N, UAN28 $0.43/lb.N and UAN32 $0.43/lb.N.
Five of the eight major fertilizers are now higher compared to last year with prices pushing higher in recent months. Anhydrous is now up 1%, both potash and urea are 4% higher, MAP is up 9%, and DAP is 11% higher than last year.
The remaining three fertilizers are lower in price compared to a year ago. Both 10-34-0 and UAN32 are 1% lower, while UAN28 is 3% lower than a year ago.
Fertilizer manufacturer The Mosaic Company announced on Monday it intends to move its corporate headquarters from Plymouth, Minnesota, to Hillsborough County, Florida. The details of the move, including timing, the exact location of the corporate office and the number of employees to be relocated, remains under consideration, according to the company's news release.
The move is expected to yield several benefits to the company. It will allow the headquarters to be closer and have better access to Mosaic Fertilizantes, the name given to its Brazilian operation after the company acquired the Brazilian company Vale Fertilizantes. The sale was completed in January of 2018.
Other reasons for the move, according to Mosaic, were to focus on the potash business and to amplify the company's presence in central Florida. Significant long-term cost savings are also expected. The company has 17 of its 25 U.S. facilities located within Florida, with several facilities there in phosphate production.
"Mosaic is among the largest employers and most significant corporate economic drivers in Central Florida," said Mosaic President and CEO Joc O'Rourke.
"We believe locating our corporate office there will give us opportunities to amplify Mosaic's presence and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value."
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):
|May 8-12 2017||437||466||340||351|
|Jun 5-9 2017||438||469||339||338|
|Jul 3-7 2017||436||467||339||325|
|Jul 31-Aug 4 2017||434||463||339||311|
|Aug 28-Sept 1 2017||433||457||338||303|
|Sep 15-29 2017||432||453||348||321|
|Oct 23-27 2017||431||453||347||325|
|Nov 20-24 2017||435||460||342||338|
|Dec 18-22 2017||445||485||344||348|
|Jan 15-19 2018||456||491||345||355|
|Feb 12-16 2018||457||495||345||357|
|Mar 12-16 2018||466||503||350||368|
|Apr 9-13 2018||482||504||353||369|
|May 7-11 2018||483||505||354||366|
|May 8-12 2017||437||508||247||280|
|Jun 5-9 2017||435||503||246||278|
|Jul 3-7 2017||432||462||236||268|
|Jul 31-Aug 4 2017||426||418||227||262|
|Aug 28-Sept 1 2017||418||417||215||248|
|Sep 15-29 2017||413||396||208||243|
|Oct 23-27 2017||407||393||205||262|
|Nov 20-24 2017||403||410||216||272|
|Dec 18-22 2017||405||461||218||254|
|Jan 15-19 2018||407||485||226||260|
|Feb 12-16 2018||415||492||230||264|
|Mar 12-16 2018||421||503||237||282|
|Apr 9-13 2018||427||510||241||275|
|May 7-11 2018||431||512||241||276|
Russ Quinn can be reached at firstname.lastname@example.org
Follow Russ Quinn on Twitter @RussQuinnDTN
© Copyright 2018 DTN/The Progressive Farmer. All rights reserved.