OMAHA (DTN) -- Retail fertilizer price moves continued to be mixed in a narrow range the second week of May 2020, according to retailers surveyed by DTN.
This marks the sixth consecutive week prices have not moved a significant amount, which DTN designates as 5% in either direction.
Five fertilizers were higher in price compared to last month, but again, there were no notable moves. DAP has an average price of $413/ton, up $3; urea $388/ton, up $4; 10-34-0 $468/ton, up less than $1; UAN28 $237/ton, up $1; and UAN32 $280/ton, up $1.
The remaining three fertilizers had a slightly lower price, with all declining by less than $1/ton. MAP had an average price of $433/ton, potash $370/ton, and anhydrous $492/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.
A recent DTN 360 poll asked farmers whether they consider a fertilizer's country of origin before they purchase it.
The question was: "Fertilizer supplies are increasingly becoming international and subject to trade and other issues. A U.S. fertilizer supplier has asked DTN/Progressive Farmer to survey our readers on the subject. Do you take into consideration whether fertilizers come from North American sources before buying? Which response best fits your opinion?"
With 236 total responses, 43% chose "No, I don't care where the fertilizers were manufactured, I buy most supplies from a specific retailer(s) and use what they stock." Another 35% answered "No, I don't care where my fertilizers were manufactured, I buy on price."
Sixteen percent responded "Yes, I would prefer to buy North American fertilizer but find those difficult to locate." Only 6% said "Yes, I try to buy only North American-produced fertilizers."
While I think it was an interesting question of a fertilizer supplier to ask our readers, the results, however, were not that surprising, at least not to me.
I would have guessed most farmers really did not care where the fertilizer they use was manufactured. Other factors, such as retail price and service from their fertilizer retailer(s), would have been much more important to them than where it was manufactured.
Those who answered the poll question were pretty clear: 78% of respondents saying they don't really care where the fertilizer was manufactured. Thanks to all who took part in our poll question.
All eight retail fertilizers are lower in price from a year ago. MAP is now 18% lower, both DAP and anhydrous are 17% less expensive, UAN28 is 11% lower, UAN32 is 10% less expensive, urea is 9% 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 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|
|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 firstname.lastname@example.org
Follow him on Twitter @RussQuinnDTN
(c) Copyright 2020 DTN, LLC. All rights reserved.