DTN Retail Fertilizer Trends

Urea, MAP, Anhydrous Lead Retail Fertilizer Complex Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of MAP fertilizer increased 5%, or $28 per ton, from last month to $563/ton. MAP is 29% more expensive than it was last year. (DTN chart)

OMAHA (DTN) -- Average retail prices for all eight of the major fertilizers were higher the third week of January 2021 compared to last month, according to retailers surveyed by DTN. The trend of all eight major fertilizers' prices being higher has been seen on and off again in the last couple of months.

Three of the fertilizers were up a significant amount, which DTN designates as 5% or more. Urea was up 7% compared to last month with an average price of $387 per ton.

Also higher were MAP and anhydrous, which were both up 5% from last month. MAP had an average price of $563/ton, while anhydrous was at $482/ton.

Of the remaining five fertilizers, the average price of DAP, potash and 10-34-0 each increased by 4%. DAP had an average price of $493/ton, up $19/ton; potash was $379/ton, up $14/ton; and 10-34-0 was $481/ton, up $18/ton.

The average price of UAN28 was $215/ton, an increase of $5/ton from the prior month, while UAN32 was $251/ton, $1/ton more expensive than last month.

On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.29/lb.N, UAN28 $0.38/lb.N and UAN32 $0.39/lb.N.

Retail fertilizer prices have climbed steadily over the past couple of months. Mark Rohrich, who owns Maverick Ag in Ashley, North Dakota, said farmers applied a lot of fertilizer this fall after harvest, and that shrank the supply of some fertilizers and caused prices to rise.

"Lots of MAP and other fertilizers went on this fall up here, so that tightened up supplies, regionally anyway," Rohrich told DTN.

Fertilizers will also trend up with the rally in corn prices. This happens partly due to use-based situations and partly because everyone wants a piece of the profit, he said.

Rohrich, who also farms, said higher fertilizer prices look to be in place for the near term.

"One could only guess how long fertilizer and grain will hold higher, but I think fertilizer will go higher before it goes lower," he said.

With retail fertilizer prices moving up over recent months, most fertilizers are now higher in price from a year ago, but there are a few exceptions. Potash is 1% more expensive, 10-34-0 is 2% higher, urea is 8% more expensive, DAP is 19% higher and MAP is 29% more expensive compared to last year.

Three fertilizers are lower. Anhydrous is 1% lower, while both UAN28 and UAN32 are 9% 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
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
Nov 23-27 2020 456 495 337 359
Dec 21-25 2020 474 535 365 363
Jan 18-22 2021 493 563 379 387
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Nov 23-27 2020 457 424 210 249
Dec 21-25 2020 463 461 210 250
Jan 18-22 2021 481 482 215 251

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

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Russ Quinn