DTN Retail Fertilizer Trends

Fertilizer Prices Continue to Fall

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
Connect with Todd:
The price of MAP has fallen by about 9% in one year, according to fertilizer prices tracked by DTN. (DTN chart)

OMAHA (DTN) -- The prices for most fertilizers tracked by DTN continued to drop in the third week of October, following nine weeks of price drops in all eight major fertilizers.

In this latest update, six of the eight fertilizers showed price declines, led by DAP with a $15-per-ton decrease compared to last month. DAP came in at $465 per ton, compared to $480 one month ago.

MAP was priced at $472/ton for this update, falling from $478 last month.

Three fertilizer prices fell by $2 in one month, including potash at $382, urea at $402 and anhydrous at $507.

UAN28 experienced a small price decline of $1 to $253/ton. The prices of 10-34-0 and UAN32 remained steady at $471 and $289, respectively.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.31/lb.N, UAN28 $0.45/lb.N and UAN32 $0.45/lb.N.

With prices significantly lower in recent months, two fertilizers' prices are lower in price than a year ago. MAP is now 9% less expensive and DAP is 7% lower from last year at this time.

Of the remaining six major fertilizers, five continue to be slightly higher compared to last year. Urea is 1% less expensive than last year, while potash is 5% more expensive and UAN28 is up 4%. 10-34-0 and anhydrous are both 3% higher. UAN32 is priced at 2% higher than one year ago.

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
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
Sep 16-20 2019 480 478 384 404
Oct 14-18, 2019 465 472 382 402
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Sep 16-20 2019 471 509 254 289
Oct 14-18, 2019 471 507 253 289

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

Follow him on Twitter @toddneeleyDTN

(KD/BAS)

Todd Neeley