OMAHA (DTN) -- Average retail fertilizer prices continued to be mostly higher the first full week of April 2020, according to retailers surveyed by DTN. As was the case the previous week, the moves higher were fairly small.
Seven fertilizers were slightly higher in price compared to last month. DAP had an average price of $409/ton, MAP $434/ton, potash $370/ton, urea $382/ton, 10-34-0 $468/ton, anhydrous $492/ton and UAN28 $235/ton.
The one remaining fertilizer had a lower price looking back to a month earlier. Just like the higher-priced fertilizers, this lower-priced fertilizer did not have a large price movement. UAN32 had an average price of $278/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N.
Despite all of the uncertainty in the world right now one thing is for sure -- retail fertilizer prices remain historically low. In the April 6 edition of the Agricultural Economic Insight e-newsletter, author David Widmar wrote fertilizer prices are considerably lower in the spring of 2020 compared to the previous year.
"Across the board, lowered fertilizer prices are observed," Widmar wrote. "DAP prices have fallen the most, down 22%. All forms of nitrogen fertilizers were at least 10% lower."
Looking at fertilizer prices over a longer period of time, most fertilizer prices are at or near their lowest price levels in more than a decade.
Costs on a per-acre basis are near a decade low as well, with a 180-70-70 corn fertilizer formula sitting at $95 per acre. This would be a $20 per acre reduction from 2019 spring prices or 17.6% less.
"A lot of bizarre things have and will occur in 2020," he wrote. "One of them will be the perspective of a 97-million-acre corn crop -- one of the largest in modern history -- with some of the lowest fertilizer prices in a decade."
Retail fertilizers are now all lower in price from a year ago. DAP is 19% lower, MAP is 18% less expensive, anhydrous is 17% lower, UAN28 is 13% less expensive, UAN32 is 12% lower, urea is 5% less expensive, potash is 4% lower and 10-34-0 is 3% less expensive 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.
|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|
|Apr 6-10 2020||409||434||370||382|
|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|
|Apr 6-10 2020||468||492||235||278|
Russ Quinn can be reached at email@example.com
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