DTN Retail Fertilizer Trends

Retail Fertilizer Prices Remain Varied

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of anhydrous fertilizer declined $13 per ton from last month. At $434 per ton, the fertilizer is 16% less expensive than last year and well below the five-year average price of $515 per ton. (DTN chart)

OMAHA (DTN) -- Average retail fertilizer prices continued to be mixed the second week of September 2020, according to retailers surveyed by DTN. Just like last week, five of the eight major fertilizers were lower, while the remaining three nutrients were higher.

Also like last week, no fertilizer was up or down a significant amount, which DTN designates as 5% or more.

The five fertilizers that were slightly lower were potash with an average price of $345 per ton, down $8 from last month; 10-34-0 $459/ton, down $6; anhydrous $434/ton, down $13; UAN28 $216/ton, down $5; and UAN32 $253/ton, down $6.

The three fertilizers that were higher include DAP with an average price of $434/ton, up $8; MAP $445/ton, up $10; and urea $360/ton, up $5.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.39/lb.N and UAN32 $0.39/lb.N.

Over the last several weeks, we have taken a closer look at the thought process farmers go through when they are considering pre-purchasing their fertilizer needs.

Some want to take advantage of historically lower retail prices, or maybe they want to know some of their input costs ahead of time. Others feel like they can save money in the long run by waiting to pay for their fertilizer as they use it.

And some will do a bit of both.

Robert McCain, a farmer from Kokomo, Indiana, said he normally doesn't lock any fertilizer in for the fall application season. He does, however, usually start pricing some of his fertilizer needs in February for spring application. McCain tries to set a price in the late-winter/early spring time period on for his nitrogen, phosphorus and potash needs.

"I want to keep my options open," McCain told DTN. "This is the way I've always done it and doesn't mean I'm right."

Retail fertilizer prices continue to be considerably lower in price from a year ago. Anhydrous is 16% lower, UAN28 is 15% less expensive, UAN32 is 13% lower, urea is 12% less expensive, DAP is 11% lower, potash is down 10%, MAP is 8% less expensive and 10-34-0 is 3% lower 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 RangeDAPMAPPOTASHUREA
Sep 9-13 2019486482385407
Oct 7-11, 2019472473383403
Nov 4-8 2019462471384396
Dec 2-6 2019445463379381
Dec 30-Jan 3 2020438446376363
Jan 27-31 2020414435373359
Feb 24-28 2020409434371366
Mar 23-27 2020409434370382
Apr 20-24 2020410433370385
May 18-22 2020409434367387
Jun 15-19 2020405429363360
Jul 13-17 2020406428361359
Aug 10-14 2020426434353355
Sep 7-Sep 11, 2020434445345360
LIQUID
Date Range10-34-0ANHYDUAN28UAN32
Sep 9-13 2019471516253289
Oct 7-11, 2019470509253289
Nov 4-8 2019473499249289
Dec 2-6 2019470490242276
Dec 30-Jan 3 2020470487238273
Jan 27-31 2020467488237275
Feb 24-28 2020466490235277
Mar 23-27 2020466491235278
Apr 20-24 2020468492236279
May 18-22 2020469490237280
Jun 15-19 2020468464233273
Jul 13-17 2020468460225263
Aug 10-14 2020465447221259
Sep 7-Sep 11, 2020459434216253

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

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Russ Quinn