DTN Retail Fertilizer Trends
Anhydrous Prices Jump 10% From Last Month, Leading Broad Price Rally
OMAHA (DTN) -- Fertilizer prices pushed sharply higher into the end of 2020. All eight of the major fertilizers tracked by DTN had higher prices compared to last month, with half of those increasing 5% or more, a level DTN considers significant.
Anhydrous was up 10% compared to last month. The average price was $470/ton, up $43/ton.
Both MAP and potash were up 8% compared to the prior month. MAP had an average price of $537/ton, up $38/ton, and potash was at $366/ton, up $26/ton.
DAP was 5% more expensive compared to last month. The phosphorous fertilizer had an average price of $475/ton, up $20/ton.
The remaining four fertilizers were just slightly higher in price compared to the prior month. Urea had an average price of $367/ton, up $8; 10-34-0 $464/ton, up $5; UAN28 $209/ton and UAN32 $250/ton, both up $1 from last month.
On a price per pound of nitrogen basis, the average urea price was at $0.40/lb.N, anhydrous $0.29/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N.
Many farmers will buy inputs for year-end tax planning purposes. Among the items they will buy is fertilizer for the next growing season.
Tim Malterer is a farmer/agronomist from Janesville, Minnesota. He locked in nitrogen (N), phosphorous (P) and potash (K) prior to last fall. His area of south-central Minnesota saw good crops this past fall so he put more fertilizer on this fall to take care of the extra crop.
"I am locking in my side dress fertilizer here now but the rest of it is on," Malterer told DTN.
Retail fertilizer prices continue to be mostly lower in price from a year ago, but there are a few exceptions. Urea is 1% more expensive, DAP is 8% higher while MAP is 21% more expensive compared to last year.
10-34-0 is 1% less expensive, potash is 3% lower, anhydrous is 4% less expensive, UAN32 is 9% lower and UAN28 is 12% 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.
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