DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail fertilizer prices continued to move higher the second week of January 2019, although none saw significant price jumps, according to fertilizer retailers surveyed by DTN. That brings a four-week price spike for three nitrogen fertilizers to an end.

As has been the case the last three consecutive weeks, prices for seven of the eight major fertilizers are higher, though none by a considerable amount, which DTN considers a price move of 5% or more.

DAP had an average price of $508 per ton, up $3; MAP $533/ton, up fractionally; potash $381/ton, up $6; 10-34-0 $461/ton, up $6; anhydrous $573/ton, up $21; UAN28 $267/ton, up $6; and UAN $304/ton, up $2.

The average urea price was fractionally lower than last month at $407 per ton.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.35/lb.N, UAN28 $0.48/lb.N and UAN32 $0.47/lb.N.

The Mosaic Company announced last week that it has entered into a memorandum of understanding (MOU) with Sinochem, China's largest agricultural input company, according to Dow Jones. Sinochem intends to purchase phosphate rock and phosphate fertilizer, including premium products, from Mosaic.

Terms and conditions of the purchases are to be outlined in a separate contract between the two companies.

"We are pleased to build on our promising relationship with Sinochem," Mosaic President and CEO Joc O'Rourke said. "Sinochem is developing a Modern Agriculture Platform for China, and we at Mosaic look forward to partnering with Sinochem to contribute to this important progress for Chinese farmers."

All eight of the major fertilizers are now higher compared to last year with prices shifting higher. MAP is 9% more expensive, potash is 10% higher, DAP is 11% more expensive, 10-34-0 is 13% higher, urea is 17% more expensive, UAN32 is 18% higher, anhydrous is 20% more expensive and UAN28 is now 22% higher compared to last year.

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.

DRY
Date Range	DAP	MAP	POTASH	UREA
Jan 8-12 2018	456	491	346	352
Feb 5-9 2018	458	493	344	355
Mar 5-9 2018	463	503	349	367
Apr 2-6 2018	478	508	352	370
Apr 30-May 4 2018	485	505	353	368
May 28-June 1 2018	483	504	354	364
Jun 25-29 2018	485	505	354	364
Jul 23-27 2018	486	504	356	366
Aug 20-24 2018	487	514	356	364
Sep 17-21 2018	494	520	362	384
Oct 15-19 2018	498	518	365	405
Nov 12-16 2018	500	530	368	407
Dec 10-14 2018	505	533	375	407
Jan 7-11 2019	508	533	381	407
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Jan 8-12 2018	410	479	220	258
Feb 5-9 2018	415	492	227	261
Mar 5-9 2018	422	499	234	272
Apr 2-6 2018	425	508	239	274
Apr 30-May 4 2018	431	510	241	277
May 28-June 1 2018	439	504	241	276
Jun 25-29 2018	440	504	242	277
Jul 23-27 2018	442	501	243	279
Aug 20-24 2018	446	481	233	271
Sep 17-21 2018	448	494	239	278
Oct 15-19 2018	457	494	243	283
Nov 12-16 2018	457	519	245	287
Dec 10-14 2018	455	552	261	302
Jan 7-11 2019	461	573	267	304

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

Follow him on Twitter @RussQuinnDTN

(KD/AG)

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