DTN Retail Fertilizer Trends

Fertilizer Price Changes Remain Muted

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Urea prices increased $7 per ton from last month to an average $435/ton. The nitrogen fertilizer is 19% more expensive than last year. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices saw only minor changes from last month with four fertilizers posting slightly higher prices while one was lower and two were unchanged, according to retail fertilizer prices tracked by DTN for the third week of June 2019.

Of the gainers, urea had an average price of $435 per ton, up $7; MAP $532/ton, up $5; and UAN32 $318/ton, up $4. Potash, at $392/ton, and UAN28, at $270/ton, were up less than a dollar.

Two fertilizers were slightly lower compared to last month. DAP had an average price of $496/ton, down $1, and anhydrous was $589/ton, down $6.

The average retail price for 10-34-0 was unchanged $487/ton.

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 $0.50/lb.N.

Fertilizer prices are pretty calm right now, said Brent Hall, agronomy manager for South Central Coop located in Lacona, Iowa. The only nutrient that saw a price increase in his area this spring was urea, he said.

"Urea was tight this spring at times with some transportation issues with the rivers flooding, but we didn't really see any large price spikes from that even," Hall told DTN.

Hall said the corn crop in south central Iowa has a wide range growth from the earliest planted to the latest planted due to the wet weather. The side-dressing season could be more spread out than in most years, with most in the area utilizing urea to feed nitrogen to the corn plants.

As for retail prices and what direction they could move in the coming months, Hall said nitrogen, phosphorus and potash prices could be slightly lower as the summer refill season begins for retailers. However, these price decreases could be fairly small, he said.

"We really don't know for sure, but once we start to see some (re-)fill prices, I think they are going to be coming in a little cheaper," he said.

All eight of the major fertilizers are now higher compared to last year with prices shifting higher. 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 13% higher, anhydrous is 17% more expensive and urea is 19% 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
Jun 18-22 2018 485 505 354 364
Jul 16-20 2018 486 505 354 366
Aug 13-17 2018 487 508 356 363
Sep 10-14 2018 491 518 362 380
Oct 8-12 2018 501 523 365 393
Nov 5-9 2018 506 529 368 407
Dec 3-7 2018 501 529 369 410
Dec 31-Jan 4 2019 508 533 381 407
Jan 28-Feb 1 2019 513 536 384 407
Feb 25-Mar 01 2019 511 535 386 404
Mar 25-29 2019 509 534 385 401
Apr 22-26 2019 497 530 388 408
May 20-24 2019 497 527 392 428
Jun 17-21 2019 496 532 392 435
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 18-22 2018 440 503 242 277
Jul 16-20 2018 442 503 243 279
Aug 13-17 2018 446 481 233 271
Sep 10-14 2018 449 487 238 278
Oct 8-12 2018 452 488 238 280
Nov 5-9 2018 458 517 245 287
Dec 3-7 2018 457 524 249 293
Dec 31-Jan 4 2019 460 571 267 304
Jan 28-Feb 1 2019 468 585 271 313
Feb 25-Mar 01 2019 470 596 270 318
Mar 25-29 2019 470 597 269 318
Apr 22-26 2019 483 594 268 315
May 20-24 2019 487 595 270 314
Jun 17-21 2019 487 589 270 318

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

Follow him on Twitter @RussQuinnDTN

(KD/BAS)

Russ Quinn