DTN Retail Fertilizer Trends

Fertilizer Prices Evenly Mixed

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Retail anhydrous prices dropped $5 compared to last month, coming in at $590/ton. Prices may be 17% higher than last year, but they are tracking close to the five-year average. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices continue mixed with half of the eight major fertilizers moving higher and the rest moving lower, according to locations tracked by DTN for the fourth week of May 2019. All price moves were fairly small.

Of the four fertilizers with higher prices, potash had an average price of $392/ton, up $2; urea $430/ton, up $$17; 10-34-0 $487/ton, up fractionally; and UAN28 $270/ton, up $2.

The remaining four fertilizers were slightly lower compared to the previous month. DAP had an average price of $497/ton, down $1; MAP $527/ton, down $1; anhydrous $590/ton, down $5; and UAN32 $314/ton, down $1.

On a price per pound of nitrogen basis, the average urea price was at $0.47/lb.N, anhydrous $0.36/lb.N, UAN28 $0.48/lb.N and UAN32 $0.49/lb.N.

Fertilizer giant CF Industries Holdings Inc. recently announced a new chief financial offer (CFO) to guide the company through a turbulent period for U.S. agriculture, according Dow Jones.

The company promoted Christopher Bohn to CFO. He is replacing Dennis Kelleher, who is retiring from the company after eight years in the role.

The continuing trade conflict between the U.S. and China is causing farmers to rethink which crops they want to grow, something which was expected to benefit the company. However, flooding has delayed the start of the planting season in the Corn Belt, reducing demand for fertilizer.

U.S. farmers were expecting to grow more acres of corn than soybeans, but only had 67% of corn acres planted as of Sunday, far below the 96% five-year average for this time of year.

CF Industries said sale volumes for the first quarter of the year were lower compared with the prior-year period because of U.S. weather, according to Dow Jones.

Bohn has worked for CF Industries for the past decade, most recently serving as senior vice president of manufacturing and distribution, where he oversaw the company's nitrogen plants and distribution facilities in Canada, the U.K. and the U.S.

All eight of the major fertilizers are now higher compared to last year. DAP is 3% higher, MAP is 4% more expensive, both potash and 10-34-0 are 11% higher, UAN28 is 12% more expensive, UAN32 is 14% higher, anhydrous is 17% more expensive and urea is now 18% more expensive compared to last year.

DRY
Date Range DAP MAP POTASH UREA
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
Feb 4-8 2019 511 536 385 408
Mar 4-8 2019 510 534 386 403
Apr 1-5 2019 509 533 386 405
Apr 29-May 3 2019 498 528 390 413
May 27-31 2019 497 527 392 430
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Feb 4-8 2019 470 596 271 318
Mar 4-8 2019 470 596 270 317
Apr 1-5 2019 474 599 272 319
Apr 29-May 3 2019 487 595 268 315
May 27-31 2019 487 590 270 314

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.

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

Follow him on Twitter @RussQuinnDTN

(KD/CZ/BAS)

Russ Quinn