DTN Retail Fertilizer Trends

Five Fertilizer Prices Move Lower Compared to Previous Month

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
Connect with Todd:
Retail 10-34-0 prices are up $4 from last month at $486 per ton. It's $43 per ton higher than at the same time last year, an increase of 10%. (DTN chart)

OMAHA (DTN) -- Five retail fertilizer prices were lower in the first week of August, according to prices tracked by DTN, with four of the prices dropping by $4 per ton since the first week of July.

None of the eight fertilizer prices moved a significant amount, which DTN considers 5% or more.

MAP had an average price of $530/ton, down $2; anhydrous $580/ton, down $4; DAP had an average price of $494/ton, down $4; urea $428/ton, down $4; UAN28 $272/ton, down $4.

Three fertilizers were higher compared to the previous month. That includes 10-34-0 $486/ton, up $4; UAN32 $320/ton, up $3 and potash $393/ton, up $1.

On a price per pound of nitrogen basis, the average urea price was at $0.47/lb.N, anhydrous $0.35/lb.N, UAN28 $0.49/lb.N and UAN32 $0.50/lb.N.

All eight of the major fertilizers are higher compared to last year. DAP is 1% higher, MAP is 5% more expensive, 10-34-0 is 10% higher, potash is 11% more expensive, UAN28 is 13% higher, UAN32 is 15% more expensive, while anhydrous and urea are both 17% higher compared to last year.

Researchers at Oxford University and Cambridge University are developing a new method for better fixing nitrogen in wheat and corn.

According to a news release from Oxford, http://www.ox.ac.uk/…, scientists have engineered what they are calling a novel plant-microbe signaling pathway using synthetic biology techniques.

Scientists found a way to engineer a molecular dialogue between plants and the bacteria surrounding their roots. Enhancing the root microbiota has potential for improving crop yields in nutrient-poor soils and reducing chemical fertilizer use, Oxford said in a news release.

"Plants influence the microbiota of their rhizosphere by sending out chemical signals that attract or suppress specific microbes," said Dr. Barney Geddes from Oxford's department of plant sciences. "Engineering cereal plants to produce a signal to communicate with and control the bacteria on their roots could potentially enable them to take advantage of the growth-promoting services of those bacteria, including nitrogen fixation."

Scientists selected a group of compounds normally produced by bacteria in legumes called rhizopines. They were able to transfer the synthetic signaling pathway to a number of plants including corn and wheat.

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
Jul 30- Aug 3 2018 488 505 355 366
Aug 27-31 2018 487 513 357 365
Sep 24-28 2018 494 520 361 385
Oct 22-26 2018 499 518 366 406
Nov 19-23 2018 501 530 368 407
Dec 17-21 2018 508 532 377 407
Jan 14-18 2019 512 534 383 407
Feb 11-15 2019 512 537 385 405
Mar 11-15 2019 510 534 386 402
Apr 8-12 2019 505 532 387 404
May 6-10 2019 501 527 391 418
Jun 3-7 2019 497 527 392 434
Jul 1-5, 2019 498 532 392 432
Jul 29-Aug 2 2019 494 530 393 428
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 30- Aug 3 2018 443 498 242 279
Aug 27-31 2018 446 480 233 271
Sep 24-28 2018 449 493 236 278
Oct 22-26 2018 457 499 243 284
Nov 19-23 2018 457 520 246 287
Dec 17-21 2018 457 565 265 304
Jan 14-18 2019 462 580 270 305
Feb 11-15 2019 470 596 271 318
Mar 11-15 2019 469 596 269 318
Apr 8-12 2019 481 592 271 317
May 6-10 2019 487 595 267 310
Jun 3-7 2019 487 591 271 314
Jul 1-5, 2019 482 584 276 317
Jul 29-Aug 2 2019 486 580 272 320

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on Twitter @toddneeleyDTN

(KD/CZ)

Todd Neeley