DTN Retail Fertilizer Trends

DAP, MAP Prices Move Higher While Others Follow Seasonally Lower Trends

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The price of UAN28, at $220 per ton this week, is following its seasonal downward trend, but prices are nearly $30 per ton below the fertilizer's five-year average. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices continued to be mixed the third week of August 2020, with six prices falling and two increasing, one of them significantly, according to retailers surveyed by DTN.

Of the six fertilizers that were lower in price compared to last month, none were down a noteworthy amount, which DTN designates as 5% or more. Potash has an average price of $353 per ton, down $7; urea $356/ton, down $2; 10-34-0 $465/ton, down $1; anhydrous $445/ton, down $5; UAN28 $220/ton, down $5 and UAN32 $259/ton, down $4.

DAP and MAP prices were both higher than last month, with DAP price increasing $20/ton, or 5%, to $427/ton. MAP was $434/ton, up $6 from last month.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.27/lb.N, UAN28 $0.39/lb.N and UAN32 $0.40/lb.N.

As summer is quickly turning to fall and retail fertilizer prices are at multiple-year lows, it is natural farmers might consider pre-purchasing at least some of their fertilizer needs for the fall or spring -- or both. Some producers utilize this business practice while others do not.

One farmer who already locked in a portion of his fertilizer needs for the 2021 growing season is Jay Culver, who farms near Iroquois, South Dakota.

He has already purchased both nitrogen (UAN28 and dry) and phosphorous. Late summer is when he tries to fill up on UAN28, and this year, he locked in dry nitrogen fertilizer for next spring as well.

"Compared to local historical prices, it's just hard to think there is much for downside risk right now," Culver told DTN. "Also, a local provider had a nice offer as far as payment structure."

Culver said he purchased phosphorus since these prices are as low as they have been for quite some time. He was finally able to plant some additional acres this year since moisture let up on his east-central South Dakota this spring, he said.

Retail fertilizer prices continue to be considerably lower in price from a year ago. Anhydrous is 16% lower, both urea and UAN28 are 14% less expensive, DAP is 13% lower, MAP is 12% less expensive, UAN32 is 11% lower, potash is 9% less expensive and 10-34-0 is 2% lower than 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.

Aug 19-23 2019491495387413
Sep 16-20 2019480478384404
Oct 14-18, 2019465472382402
Nov 11-15 2019457465382388
Dec 9-13 2019445463378380
Jan 6-10 2020435444375358
Feb 3-7 2020413435373361
Mar 2-6 2020409432369369
Mar 30-Apr 3 2020408432370383
Apr 27-May 1 2020413433370386
May 25-29 2020410434365377
Jun 22-26 2020404429363359
Jul 20-24, 2020407428360358
Aug 17-21 2020427434353356
Date Range10-34-0ANHYDUAN28UAN32
Aug 19-23 2019475530257291
Sep 16-20 2019471509254289
Oct 14-18, 2019471507253289
Nov 11-15 2019473496246284
Dec 9-13 2019470489241276
Jan 6-10 2020471486237272
Feb 3-7 2020464490235277
Mar 2-6 2020466490235277
Mar 30-Apr 3 2020467492235278
Apr 27-May 1 2020468492237279
May 25-29 2020468478236279
Jun 22-26 2020468463233273
Jul 20-24, 2020466460225263
Aug 17-21 2020465445220259

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn