DTN Retail Fertilizer Trends

DAP Leads Retail Fertilizer Prices Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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UAN32 prices slid $8 per ton, just shy of 3%, from the same time last month. The nitrogen fertilizer is 9% lower than at the same time last year. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices continue to be lower, according to prices tracked by DTN for the second week of December 2019, continuing a trend that's been in place for several months.

All eight of the major fertilizers were lower in price from the month earlier, but none were statistically notable. DTN designates a significant price change as a move of 5% or more.

DAP had an average price of $445/ton, down $12; MAP $463/ton, down $2; potash $378/ton, down $4; urea $380/ton, down $8; 10-34-0 $470/ton, down $3; anhydrous $489/ton, down $7; UAN28 $241/ton, down $5; and UAN32 $276/ton, down $8.

On a price per pound of nitrogen basis, the average urea price was at $0.41/lb.N, anhydrous $0.30/lb.N, UAN28 $0.43/lb.N and UAN32 $0.43/lb.N.

With winter weather in place over most of the Corn Belt, the University of Illinois revisited how fertilizer can move on frozen and snow-covered soil. Titled "Nutrient movement off frozen and snow-covered soils" and written by Emerson Nafziger, the report examined what happened in Illinois during the first week of March last spring when farmers applied a considerable amount of phosphorous (P) and potash (K) to the frozen soil surface.

In many locations south of Interstate 80 an inch or more of rain fell following fertilizer application in early March 2019. Most of the rain fell on March 9 and a great deal of the rainfall ran off the frozen soil surface, he wrote.

Several samples of water moving out of fields after this rainfall event were collected as part of the ongoing water monitoring that the Illinois Fertilizer and Chemical Association (IFCA) conducts with the Keep It 4R Crop program.

In fields where P and K was not applied, average levels of chloride, nitrate-N, ammonium-N and phosphate-P were 2.3, 0.7, 0.7 and 0.3 parts per million (ppm).

Levels jumped significantly in fields where P and K were applied on frozen soils in early March, with an average of 39.0 ppm chloride, 1.2 ppm nitrate-N, 8.3 ppm ammonium-N and 19.1 ppm phosphate-P.

"Both MAP and KCI are highly soluble in water, though, and the elevated chloride (K wasn't measured), ammonium and phosphate levels are a clear indication that the rain dissolved fertilizer nutrients and moved them off the field," Nafziger wrote.

To read the entire University of Illinois report go to http://bulletin.ipm.illinois.edu.

Retail fertilizers are mixed in price from a year ago. MAP is now 13% less expensive, DAP is 12% lower, anhydrous is 11% less expensive, UAN32 is 9% lower, UAN28 is 8% lower and urea is 7% less expensive from last year at this time. In addition, potash is 1% higher and 10-34-0 is 3% more expensive 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
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
Nov 11-15 2019 457 465 382 388
Dec 9-13 2019 445 463 378 380
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Nov 11-15 2019 473 496 246 284
Dec 9-13 2019 470 489 241 276

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

Follow him on Twitter @RussQuinnDTN

(ES/AG)

Russ Quinn