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.
|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|
|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 email@example.com
Follow him on Twitter @RussQuinnDTN
Copyright 2019 DTN/The Progressive Farmer. All rights reserved.