DTN Retail Fertilizer Trends

Retail Fertilizer Price Moves Continue Mixed

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Anhydrous prices at the retailers DTN contacts were slightly higher this week at $492 per ton. (DTN chart)

OMAHA (DTN) -- Acting a bit like a broken record, retail fertilizer prices continued to be slightly lower to slightly higher the first week of May 2020, according to retailers surveyed by DTN. No fertilizer had a significant move, which DTN terms as 5% or more, in either direction.

Six fertilizers were higher in price compared to last month. DAP has an average price of $413 per ton, urea $388/ton, 10-34-0 $468/ton, anhydrous $492/ton, UAN28 $237/ton and UAN32 $280/ton.

The remaining two fertilizers had slightly lower prices. MAP had an average price of $433/ton while potash was at $370/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 $0.44/lb.N.

The COVID-19 pandemic has affected most aspects of life across the world and also many parts of the food supply chain. One area, however, the virus has not disturbed is fertilizer applications.

Fertilizer manufacturer Mosaic said demand for its crop nutrients is running high this spring, according to Dow Jones. Sales volumes for Q1 2020 were up 14% compared to last year as North American farmers apply fertilizer to their soils after poor weather limited fertilizer applications in 2019.

Mosaic CEO Joc O'Rourke said the pandemic has prompted Mosaic's customers to fast-track deliveries, but otherwise, "The season is playing out like a normal spring."

Mosaic posted an adjusted net loss of $21 million. Shares are up 12% to $12.38 after falling 51% in the past year.

Retail fertilizers are now all lower in price from a year ago. Both DAP and MAP are now 18% lower, anhydrous is 17% less expensive, UAN28 is 11% lower, UAN32 is 10% less expensive, urea is 7% lower, potash is 6% lower and 10-34-0 is 4% 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.

May 6-10 2019501527391418
Jun 3-7 2019497527392434
Jul 1-5, 2019498532392432
Jul 29-Aug 2 2019494530393428
Aug 26-30 2019491494387412
Sep 23-27, 2019479475384404
Oct 21-25, 2019465473383404
Nov 18-22 2019456466381387
Dec 16-20 2019444460378377
Jan 13-17 2020433444375357
Feb 10-14 2020413435373361
Mar 9-13 2020407432370377
Apr 6-10 2020409434370382
May 4-8 2020413433370388
Date Range10-34-0ANHYDUAN28UAN32
May 6-10 2019487595267310
Jun 3-7 2019487591271314
Jul 1-5, 2019482584276317
Jul 29-Aug 2 2019486580272320
Aug 26-30 2019470528256290
Sep 23-27, 2019471511254289
Oct 21-25, 2019471507251291
Nov 18-22 2019472496245284
Dec 16-20 2019469487239276
Jan 13-17 2020470487237275
Feb 10-14 2020464490235277
Mar 9-13 2020466490235278
Apr 6-10 2020468492235278
May 4-8 2020468492237280

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn