DTN Retail Fertilizer Trends

Fertilizer Prices Post Minimal Increases

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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DAP prices increased by $5 from last month with an average price of $413/ton. DAP is 17% lower compared to the same time last year. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices remain flat compared to last month, with the average price of all eight major fertilizers moving by $3/ton or less, according to prices tracked by DTN for the third week of April 2020.

Six fertilizers were higher in price compared to last month, but none of them were up a significant amount, which DTN considers 5% or more. DAP has an average price of $410/ton, up $1; urea $385/ton, up $3; 10-34-0 $468/ton, up $2; anhydrous $492/ton, $1; UAN28 $236/ton, up $1; and UAN32 $279/ton, up $1.

The remaining two fertilizers had a slightly lower price with MAP averaging $433/ton, down $1, and potash $370/ton, down fractionally from last month.

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 $0.44/lb.N.

Last week, we reported that Australian fertilizer manufacturer Incitec Pivot Ltd. Was pulling out a potential sale of its Asia Pacific fertilizer business amid the uncertainty created by the COVID-19 pandemic. We have since learned there's perhaps yet another reason why the deal was called off.

Morgan Stanley stated Incitec expects a better outlook for fertilizer demand, which has reduced risks to the company's balance sheet, Dow Jones reported. Not everything is positive for the company, however, as Morgan Stanley also pointed out the company's financial performance is higher than the company's peers.

"Upward movement in key fertilizer prices, an improved domestic season and lower Australian dollar/U.S. dollar provide some tailwinds for Incitec," said Morgan Stanley.

Retail fertilizers are now all lower in price from a year ago. Both DAP and MAP are 18% lower, anhydrous is 17% less expensive, UAN28 and UAN32 are both 12% lower, urea is 6% less expensive, potash is 5% 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.

DRY
Date RangeDAPMAPPOTASHUREA
Apr 29-May 3 2019498528390413
May 27-31 2019497527392430
Jun 24-28, 2019495531392429
Jul 22-26 2019495531394430
Aug 19-23 2019491495387413
Sep 16-20 2019480478384404
Oct 14-18, 2019465472382402
Nov 11-15 2019457465382388
Dec 9-13 2019445463378380
Jan 6-10 2020435444375358
Feb 3-7 2020413435373361
Mar 2-6 2020409432369369
Mar 30-Apr 3 2020408432370383
Apr 27-May 1 2020413433370386
LIQUID
Date Range10-34-0ANHYDUAN28UAN32
Apr 29-May 3 2019487595268315
May 27-31 2019487590270314
Jun 24-28, 2019487584269318
Jul 22-26 2019485582272320
Aug 19-23 2019475530257291
Sep 16-20 2019471509254289
Oct 14-18, 2019471507253289
Nov 11-15 2019473496246284
Dec 9-13 2019470489241276
Jan 6-10 2020471486237272
Feb 3-7 2020464490235277
Mar 2-6 2020466490235277
Mar 30-Apr 3 2020467492235278
Apr 27-May 1 2020468492237279

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn