DTN Retail Fertilizer Trends

Prices for All Fertilizers Move Lower for Second Time in Two Weeks

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
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The average retail price of anhydrous the third week of August 2019 was $530 per ton, down 9% from last month. (DTN chart)

OMAHA (DTN) -- Large decreases in average retail fertilizer prices were seen during the third week of August 2019, according to retailers surveyed by DTN. This marks the second time in a couple of years that prices have declined in unison, this time in back-to-back updates.

Prices for all eight of the major fertilizer were lower from the prior month, including six fertilizer prices that dropped by double-digit amounts.

Leading the way lower were anhydrous and MAP, down 9% and 7% from last month, respectively. Anhydrous had an average price of $530 per ton while MAP had a price of $495 per ton.

Prices for UAN32 and urea both were down significantly, by 9% and 4%, respectively from one month ago. UAN32 came in at $291 per ton and urea at $413 a ton. UAN28 reported a 6% price drop to $257. The price of 10-34-0 fell by 2% to $475 per ton.

Smaller price drops were reported in potash and DAP. The average price of potash fell from $394 to $387 per ton from last month, while DAP showed the smallest increase of all eight fertilizers dropping from $495 to $491 per ton.

On a price per pound of nitrogen basis, the average urea price was at $0.45/lb.N, anhydrous $0.32/lb.N, UAN28 $0.46/lb.N and UAN32 $0.45/lb.N.

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
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
Jul 22-26 2019 495 531 394 430
Aug 19-23 2019 491 495 387 413
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Jul 22-26 2019 485 582 272 320
Aug 19-23 2019 475 530 257 291

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

Follow him on Twitter @toddneeleyDTN

(BAS/AG)

Todd Neeley