DTN Retail Fertilizer Trends

OMAHA (DTN) -- A two-month-old trend continued in the final week of October: A majority of retail fertilizer prices declined, according to retailers surveyed by DTN.

Six of the eight fertilizers tracked by DTN experienced slight declines, while one fertilizer recorded a 4% increase and another a 2% increase.

Potash had an average price $332 per ton, down $6; urea $358/ton, down $4; 10-34-0 $456/ton, down $1; anhydrous $424/ton, down $1; UAN28 $209/ton, down $3; and UAN32 $249/ton, down $1.

Of the two remaining fertilizers that had higher prices, MAP saw its average retail price increase by $18/ton, or about 4% from last month, to $477/ton.

The price of DAP was about 2% higher, up $9/ton to $448/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N.

Last week, Dow Jones reported fertilizer prices are likely to be higher on average in 2021.

However, Dow Jones said fertilizer prices are expected to remain "subdued" compared to recent years because higher grain prices likely will support fertilizer demand.

"While new urea plants are due to come on stream in 2021, they might be delayed because of COVID-19," the Dow Jones article said.

However, the article noted that overall prices in 2020 will come in at close to multi-year lows on an annual average basis.

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
Oct 28-Nov 1 2019	464	472	383	402
Nov 25-29 2019	456	465	381	386
Dec 23-27 2019	443	454	377	378
Jan 20-24 2020	413	435	374	357
Feb 17-21 2020	410	435	373	361
Mar 16-20 2020	408	433	370	382
Apr 13-17 2020	410	433	370	384
May 11-15 2020	413	433	370	388
Jun 8-12 2020	406	430	363	367
Jul 6-10 2020	405	427	360	360
Aug 3-7 2020	416	430	357	354
Aug 31-Sep 4 2020	431	442	348	361
Sep 28-Oct 2 2020	439	459	338	362
Oct 26-30 2020	448	477	332	358
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Oct 28-Nov 1 2019	468	503	251	291
Nov 25-29 2019	472	497	245	277
Dec 23-27 2019	469	488	240	276
Jan 20-24 2020	470	487	237	275
Feb 17-21 2020	464	490	235	277
Mar 16-20 2020	466	491	235	278
Apr 13-17 2020	468	492	236	279
May 11-15 2020	468	492	237	280
Jun 8-12 2020	468	472	235	276
Jul 6-10 2020	467	461	233	272
Aug 3-7 2020	465	455	222	262
Aug 31-Sep 4 2020	459	436	216	254
Sep 28-Oct 2 2020	457	424	212	250
Oct 26-30 2020	456	423	209	249

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on Twitter @toddneeleyDTN

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