DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to be generally mixed, according to retailers tracked by DTN for the second week of November 2020.

The prices of five of the eight major fertilizers were down from last month, but none were lower by a significant amount, which DTN designates as 5% or more. Urea had an average price of $358/ton, down $1; 10-34-0 $455/ton, down $2; anhydrous $422/ton, down $2; UAN28 $208/ton, down $1; and UAN32 $248/ton, down $1.

Three fertilizers were slightly higher in price compared to last month, but again none were up a sizeable amount. DAP had an average price of $454/ton, up $9; MAP $486/ton, up $11; and potash $333/ton, up $1.

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.

CF Industries said an improving farm economy in the U.S. will drive healthy plantings for corn and other crops next year, according to Dow Jones. This, in turn, supports demand for the company's nitrogen fertilizer.

The fertilizer giant predicts U.S. farmers will plant 90 million acres of corn in 2021, while also increasing wheat and canola acres. Farmers are benefiting from higher corn prices and billions of dollars in federal aid payments.

CF hit record sales volumes for the first nine months of 2020, but sales revenue dropped 15% due to lower prices. Shares rose 3.6% after CF reported a $28 million loss in 3Q and missed analysts' earnings estimates.

Prices are mostly lower than a year ago with one lone exception. MAP is 5% more expensive than last year.

The remaining seven fertilizers are all lower than a year earlier. DAP is 1% lower, 10-34-0 is 4% less expensive, urea is 8% lower, potash and UAN32 are both 13% less expensive, anhydrous is 15% lower and UAN28 16% 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
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
Aug 17-21 2020	427	434	353	356
Sep 14-18 2020	434	448	344	360
Oct 12-16 2020	445	475	332	359
Nov 9-13 2020	454	486	333	358
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Aug 17-21 2020	465	445	220	259
Sep 14-18 2020	455	431	219	253
Oct 12-16 2020	457	424	209	249
Nov 9-13 2020	455	422	208	248

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

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