OMAHA (DTN) -- Retail fertilizer prices continue to be lower, according to prices tracked by DTN for the last week of June 2020. This is the fourth straight week all eight major fertilizers are lower compared to the prior month.
While retail prices were lower, none declined by a significant amount, which DTN designates as 5% or more. DAP has an average price of $406/ton, down $1; MAP $427/ton, down $4; potash $361/ton, down $3; urea $357/ton, down $16; 10-34-0 $468/ton, down less than $1; anhydrous $461/ton, down $14; UAN28 $233/ton, down $3; and UAN32 $272/ton, down $4.
On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.28/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N.
Although sidedressing operations are finished for the year, Bob Spratt, manager of LeRoy Fertilizer Services located in LeRoy, Illinois, said he was busy last week getting things wrapped up before the long holiday weekend.
Spratt's home area of central Illinois has been dry so far this growing season.
"It seems like there's a wall at Interstate 55 and Interstate 72," Spratt told DTN.
The good news for those in the market for fertilizer in the coming months is the price outlook appears to be lower for the 2021 crop. Spratt believes nitrogen, phosphorus and potash will all stay fairly flat.
One thing to watch locally could be how the closing of the Illinois River affects the supply of fertilizer in the region, he said. The aging lock and dam system is closing for repairs.
DTN Cash Grain Analyst Mary Kennedy reported on this subject in her Market Matters Blog on June 15 (https://www.dtnpf.com/…). The closures are scheduled to begin on July 1 and last through Oct. 24.
Kennedy wrote no vessel traffic will be allowed through the affected locks, which means barges that normally carry agricultural commodities through those locks will be at a standstill. The repairs were scheduled during the months of July through October to avoid spring flooding and to eliminate an impact during harvest season when barge traffic is heaviest, she wrote.
Retail fertilizers are all lower in price from a year ago. Anhydrous is 21% lower, MAP is 20% less expensive, DAP is 19% lower, urea is 17% less expensive, UAN28 is 15% lower, UAN32 is 14% less expensive, potash is 8% 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.
|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|
|Jun 1-5 2020||407||431||364||373|
|Jun 29-Jul 3 2020||406||427||361||357|
|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|
|Jun 1-5 2020||468||475||236||276|
|Jun 29-Jul 3 2020||468||461||233||272|
Russ Quinn can be reached at email@example.com
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