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.

DRY
Date Range DAP MAP POTASH UREA
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
May 4-8 2020 413 433 370 388
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
May 4-8 2020 468 492 237 280

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn