DTN Retail Fertilizer Trends

Retail Fertilizer Prices Drift Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of DAP increased $3 per ton this week to $407 per ton. That's about $80 per ton, or 18%, lower than at the same time last year. (DTN chart)

OMAHA (DTN) -- Most retail fertilizer prices continued to drift lower the third week of July 2020, according to retailers surveyed by DTN.

Seven of the eight major fertilizers were lower in price compared to last month, but none of them were down a noteworthy amount, which DTN considers 5% or more. MAP has an average price of $428 per ton, down $1; potash $360/ton, down $3; urea $358/ton, down $1; 10-34-0 $466/ton, down $2; anhydrous $460/ton, down $3; UAN28 $225/ton, down $8; and UAN32 $263/ton, down $10.

The remaining fertilizer, DAP, had a slightly higher price looking back to last month at $407/ton, an increase of $3.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.28/lb.N, UAN28 $0.40/lb.N and UAN32 $0.41/lb.N.

University of Minnesota Extension nitrogen management specialist Fabian Fernandez said farmers often ask if a late-season application of nitrogen is worthwhile. The thought is the crop takes up half of its total nitrogen at this point of the growing season, he wrote in a Minnesota Crop News blog titled "Late-season nitrogen application: Is it worth it?"

With a shorter growing season in Minnesota, Fernandez wrote, there is no evidence to suggest that post-tassel nitrogen applications provide a yield benefit.

"In some situations, the yield with the later application was similar, but in some fields, a late-season nitrogen application actually ended up reducing corn yield compared to earlier applications," Fernandez wrote. "This yield reduction was likely the result of either the yield potential of the crop being compromised due to insufficient nitrogen earlier in the growing season or the late sidedressing nitrogen did not get to the roots because of a lack of moisture."

Fernandez wrote that the only situation where a post-tassel application before R1 may be beneficial to increase yield is if the crop is severely limited by a lack of nitrogen. Producers should carefully evaluate the potential return on their investment, as the nitrogen application cannot make up for the lost yield potential, he wrote.

"That said, there was generally low potential for nitrogen loss during the spring this year, so if an adequate amount of nitrogen was applied earlier in the season, additional nitrogen applied now will likely result in no yield benefit," he wrote.

The entire University of Minnesota Extension blog can be viewed at https://blog-crop-news.extension.umn.edu/….

All retail fertilizer prices continue to be lower from a year ago. Anhydrous is 21% lower; MAP is 19% less expensive; DAP, UAN28 and UAN32 are all 18% lower; urea is 17% less expensive, potash is 9% 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
Jul 22-26 2019 495 531 394 430
Aug 19-23 2019 491 495 387 413
Sep 16-20 2019 480 478 384 404
Oct 14-18, 2019 465 472 382 402
Nov 11-15 2019 457 465 382 388
Dec 9-13 2019 445 463 378 380
Jan 6-10 2020 435 444 375 358
Feb 3-7 2020 413 435 373 361
Mar 2-6 2020 409 432 369 369
Mar 30-Apr 3 2020 408 432 370 383
Apr 27-May 1 2020 413 433 370 386
May 25-29 2020 410 434 365 377
Jun 22-26 2020 404 429 363 359
Jul 20-24, 2020 407 428 360 358
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 22-26 2019 485 582 272 320
Aug 19-23 2019 475 530 257 291
Sep 16-20 2019 471 509 254 289
Oct 14-18, 2019 471 507 253 289
Nov 11-15 2019 473 496 246 284
Dec 9-13 2019 470 489 241 276
Jan 6-10 2020 471 486 237 272
Feb 3-7 2020 464 490 235 277
Mar 2-6 2020 466 490 235 277
Mar 30-Apr 3 2020 467 492 235 278
Apr 27-May 1 2020 468 492 237 279
May 25-29 2020 468 478 236 279
Jun 22-26 2020 468 463 233 273
Jul 20-24, 2020 466 460 225 263

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

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Russ Quinn