DTN Retail Fertilizer Trends

Majority of Fertilizer Prices Continue to Decline, Except for MAP, DAP

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
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At $447 per ton, the average retail price of MAP is $18 higher than at the same time month. (DTN chart)

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

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Todd Neeley