DTN Retail Fertilizer Trends

Fertilizer Prices Make Minor Moves at End of June

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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DAP prices have slowly declined since the start of the year, but they're still 2%, or about $10 per ton, higher than at the same time last year. (DTN graph)

OMAHA (DTN) -- Retail fertilizer prices continue to be mixed, which has been the trend in recent months, according to locations tracked by DTN for the fourth week of June 2019.

Four fertilizers were lower compared to last month with none down a significant amount, which DTN considers 5% or more. DAP had an average price of $495/ton, down $2; urea $429/ton, down $1; anhydrous $584/ton, down $6; and UAN28 $269/ton, down $1.

Three fertilizers were slightly higher compared to last month, but again the move higher was fairly negligible. MAP had an average price of $531/ton, up $4; potash $392/ton, up less than a dollar; and UAN32 $318/ton, up $4.

In addition, one fertilizer was unchanged from the previous month. 10-34-0 had an average price of $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.

There will be no criminal charges filed in connection with an April anhydrous ammonia leak in northern Illinois that injured more than 40 people including first responders, the Associated Press (AP) reported last week.

Lake County State's Attorney Michael Nerheim said his office determined no laws were broken in the April 25 incident. Open valves on anhydrous tanks led to the leak in Beach Park, about 40 miles north of downtown Chicago.

A tractor driver was towing tanks of anhydrous ammonia from Pleasant Prairie, Wisconsin, to an Illinois farm when the fertilizer leaked, according to authorities.

"While the conduct of the worker may have been negligent, it didn't rise to the level of criminal conduct," Nerheim said.

All eight of the major fertilizer prices are now higher compared to last year. DAP is 2% higher; MAP is 5% more expensive; potash, 10-34-0 and UAN28 are all 11% higher; UAN32 is 15% more expensive; anhydrous is 16% more expensive and urea is 18% 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 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
Jun 24-28, 2019 495 531 392 429
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Jun 24-28, 2019 487 584 269 318


Russ Quinn can be reached at russ.quinn@dtn.com
Follow him on Twitter @RussQuinnDTN


(KD/CZ)

Russ Quinn