OMAHA (DTN) -- Retail fertilizers tracked by DTN for the third week of February 2020 show mostly lower prices, which has been the case in recent weeks.
A streak of five consecutive weeks of significantly lower fertilizer prices was broken. Five fertilizers were lower in price compared to last month but none were down any substantial amount. DAP had an average price of $410/ton, MAP $435/ton, potash $373/ton, 10-34-0 $464/ton and UAN28 $235/ton.
The remaining three fertilizers had a small price increase looking back to last month. Urea had an average price of $361/ton, anhydrous $490/ton and UAN32 $277/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.
Producing corn in the Northern Plains and the costs associated with this were the focus of a recent South Dakota State University (SDSU) report titled "Corn Production Costs in the Northern Great Plains." It was written by Alvaro Garcia, former SDSU Extension Agriculture and Natural Resources Program director.
The single highest cost of corn production in the Northern Plains is fertilizer. According to Garcia, Northern Plains farmers pay about 8% less for fertilizer compared to their counterparts in the rest of the U.S. This is likely affected by the use of manure fertilizer in this region, he wrote.
Of all of the crop acres that use manure as a fertilizer in the U.S., corn with more than 9 million acres constitutes nearly 60%. Of the total corn acreage in the U.S., nearly 12% is fertilized with manure, the majority (62%) coming from dairies.
Applying fertilizer only as needed makes perfect sense from an environmental standpoint, Garcia wrote. However, it should not be dismissed from an economic perspective.
"Every time the Northern Great Plains crop farmers reduced the fertilizer costs per acre by $10 in 2014 without negatively affecting yields, their income over operating costs increased by 7.5 cents per bushel," Garcia wrote.
The entire SDSU article can be read at:
Retail fertilizers are now all lower in price from a year ago. DAP is 20% lower, MAP is 19% less expensive, anhydrous is 18% lower, both UAN28 and UAN32 are 13% less expensive, urea is 11% lower, potash is 3% less expensive and 10-34-0 is 1% lower from last year at this time.
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.
|Feb 18-22 2019||512||536||385||404|
|Mar 18-22 2019||509||533||386||401|
|Apr 15-19 2019||504||531||388||404|
|May 13-17 2019||498||526||392||426|
|Jun 10-14 2019||497||527||392||434|
|Jul 8-12, 2019||497||532||392||431|
|Aug 5-9 2019||495||531||395||428|
|Sep 2-6 2019||491||488||387||408|
|Sep 30-Oct 4, 2019||476||474||384||404|
|Oct 28-Nov 1 2019||464||472||383||402|
|Nov 25-29 2019||456||465||381||386|
|Dec 23-27 2019||443||454||377||378|
|Jan 20-24 2020||413||435||374||357|
|Feb 17-21 2020||410||435||373||361|
|Feb 18-22 2019||470||596||271||317|
|Mar 18-22 2019||470||597||270||318|
|Apr 15-19 2019||481||594||270||317|
|May 13-17 2019||487||595||267||311|
|Jun 10-14 2019||487||591||271||314|
|Jul 8-12, 2019||485||585||276||317|
|Aug 5-9 2019||491||580||272||320|
|Sep 2-6 2019||473||522||255||290|
|Sep 30-Oct 4, 2019||470||511||253||289|
|Oct 28-Nov 1 2019||468||503||251||291|
|Nov 25-29 2019||472||497||245||277|
|Dec 23-27 2019||469||488||240||276|
|Jan 20-24 2020||470||487||237||275|
|Feb 17-21 2020||464||490||235||277|
Russ Quinn can be reached at firstname.lastname@example.org
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