DTN Retail Fertilizer Trends

Urea Leads Fertilizers Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Urea was down 5%, more than any other fertilizer. (DTN/ProphetX chart)

OMAHA (DTN) -- Retail fertilizer prices continue to move lower, according to prices tracked by DTN for the second week of January 2020.

For the third-straight week, seven of the eight major fertilizers had lower prices compared to a month earlier. Only urea was down a notable amount, down 5% compared to last month and had an average price of $357/ton.

Six other fertilizers once again had a slight price decline from the previous month. DAP had an average price of $433/ton, MAP $444/ton, potash $375/ton, anhydrous $487/ton, UAN28 $237/ton and UAN32 $275/ton.

The remaining fertilizer, 10-34-0, had a slight price increase, looking back to last month. The starter fertilizer had an average price of $470/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.

A couple of weeks ago we looked at fertilizer price estimates in the 2020 and 2019 Purdue University crop budgets, and the differences between the two years. Today, we will look at crop budgets from North Dakota State University (NDSU) Extension, which came out in December 2019.

The NDSU crop budgets are arranged by nine different regions across the state and for a variety of crops. Since we are using corn, we will focus on four areas -- Northeast, North (Red River) Valley, South (Red River) Valley and Southeast.

The 2020 Northeast crop budget for corn has fertilizer estimated at $81.29 per acre (ac). The 2019 Northeast crop budget had fertilizer at $98.70/ac, a difference of $17.41/ac.

The 2020 North Valley crop budget for corn had fertilizer cost at $81.64/ac. The 2019 North Valley crop budget had fertilizer at $96.51/ac, a difference of $14.87/ac.

The 2020 South Valley crop budget for corn had a fertilizer cost estimate at $97.83/ac. The 2019 South Valley crop budget had fertilizer at $110.11/ac, a difference of $12.28/ac.

The 2020 Southeast crop budget for corn had a fertilizer estimate at $95.82/ac. The 2019 Southeast crop budget had fertilizer at $105.99/ac, a difference of $10.17/ac.

If you average the four region's fertilizer price difference you get $13.80/ac. This represents a considerable savings for corn growers in these four areas of North Dakota with retail fertilizer prices lower for the 2020 growing season compared to 2019.

To see both NDSU Extension crop and livestock budgets, click the following link: https://www.ag.ndsu.edu/…

Retail fertilizers are mixed in price from a year ago. MAP is 17% lower, both DAP and anhydrous are 16% less expensive, both urea and UAN28 are 12% 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 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
Aug 26-30 2019 491 494 387 412
Sep 23-27, 2019 479 475 384 404
Oct 21-25, 2019 465 473 383 404
Nov 18-22 2019 456 466 381 387
Dec 16-20 2019 444 460 378 377
Jan 13-17 2020 433 444 375 357
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Aug 26-30 2019 470 528 256 290
Sep 23-27, 2019 471 511 254 289
Oct 21-25, 2019 471 507 251 291
Nov 18-22 2019 472 496 245 284
Dec 16-20 2019 469 487 239 276
Jan 13-17 2020 470 487 237 275

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

Follow him on Twitter @RussQuinnDTN

(SK/BAS)

Russ Quinn