DTN Retail Fertilizer Trends

Urea Leads Retail Fertilizer Prices Lower in New Year

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The retail price of urea declined 6% compared to last month with an average cost of $358 per ton. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first full week of 2020 show the trend of lower prices persisting into the new year.

For the second straight week, seven of the eight major fertilizers had lower prices compared to a month earlier. Only urea was down a noteworthy amount, about 6%, compared to last month and had an average price of $358 per ton, down $22/ton. DTN considers a price move of 5% or more to be significant.

Six fertilizers had slight price declines from the previous month. DAP had an average price of $435/ton, down $10/ton; MAP $444/ton, down $19/ton; potash $375/ton, down $3/ton; anhydrous $486/ton, down $3/ton; UAN28 $237/ton, down $4/ton; and UAN32 $272/ton, down $4/ton.

The remaining fertilizer, 10-34-0, had a negligible price increase compared to last month. The starter fertilizer had an average price of $471/ton, up $1/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N.

Rabobank reported that global phosphate prices are at their lowest level in more than 10 years, according to Dow Jones on Tuesday. The report stated there has been a significant drop-off in demand and additional supplies will likely keep a lid on prices into 2020.

Lower demand was seen globally due to weather issues in the U.S. and India during last year's planting season, which caused some phosphate producers to cut production temporarily. Output, however, is expected to pick up again in 2020.

The 2020 outlook for phosphorus fertilizer was covered in detail in last month's DTN World Fertilizer Outlook series. The phosphorus fertilizer outlook can be viewed at https://www.dtnpf.com/….

Retail fertilizers are mixed in price from a year ago. MAP is 17% lower, anhydrous is 15% less expensive, DAP is 14% lower, urea is 12% less expensive, UAN28 is 11% lower, UAN32 is 10% less expensive and potash is 2% less expensive from last year at this time. In addition, 10-34-0 is 2% 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
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
Jan 6-10 2020 435 444 375 358
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Jan 6-10 2020 471 486 237 272

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

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(KD/AG)

Russ Quinn