DTN Retail Fertilizer Trends

Fertilizer Prices Remain Mixed

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Little change has been seen in fertilizers recently, but DAP had slightly more than most.

OMAHA (DTN) -- Retail fertilizer prices continue to be mixed which has been the trend in several months now, according to prices tracked by DTN for the second week of March 2020.

Five fertilizers were lower in price compared to last month but none were down a sizeable amount. DAP had an average price of $407/ton, MAP $432/ton, potash $370/ton, anhydrous $490/ton and UAN28 $235/ton.

The remaining three fertilizers, meanwhile, had a minor price increase looking back to last month. Urea had an average price of $377/ton, 10-34-0 $466/ton and UAN32 $278/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.41/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.

With the calendar well into March, farmers are finishing up their fertilizer plans for the rapidly approaching spring planting season. For some, their application season began last fall after harvest.

For others, however, it was a wet fall with little fieldwork done and little fertilizer applied. Jeremy Flikkema, farmer from Lanark, Illinois, said he would normally apply roughly 75% of his anhydrous in the fall but because of wet conditions seen last fall he only applied about 5% to 10% of anhydrous.

"We were extremely wet in the fall," Flikkema told DTN. "We are drier now and we will put anhydrous on still this spring."

Flikkema said he looks to buy his nitrogen needs early in the year for fall application if there are some deals to be had. This year nitrogen prices look to be moving contra-seasonally for some reason but he still bought the nutrient, he said.

The spring nitrogen application season could be a challenging one in his area of northwestern Illinois. A lot of nitrogen will have to be applied in the spring which makes for an extremely busy time period, he said.

"We will see seem logistical issues," he said.

His plan is to start applying anhydrous as soon as it is dry enough. However, he speculates it will be a battle to get the fertilizer applied this spring.

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 6% lower, potash is 4% 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.

DRY
Date Range DAP MAP POTASH UREA
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
Feb 10-14 2020 413 435 373 361
Mar 9-13 2020 407 432 370 377
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Feb 10-14 2020 464 490 235 277
Mar 9-13 2020 466 490 235 278

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

Follow him on Twitter @RussQuinnDTN

(SK/BAS)

Russ Quinn