DTN Retail Fertilizer Trends

OMAHA (DTN) -- While prices for all eight of the major fertilizers were higher at the end of April compared to a month earlier, none were significantly higher, which DTN designates as 5% or more. It's the second week in a row prices showed more muted moves higher after several months of rising sharply.

For the fourth week of April 2021, DAP had an average price of $629/ton, MAP $703/ton and potash $433/ton, about a 1% increase in prices. Urea, at $513/ton, and 10-34-0, at $613/ton, were each up 2%. The average retail price of UAN28 increased 3% to $350/ton, while anhydrous and UAN32 were each up 4%, at $710/ton and $391/ton, respectively.

On a price per pound of nitrogen basis, the average urea price was at $0.56/lb.N, anhydrous $0.43/lb.N, UAN28 $0.62/lb.N and UAN32 $0.61/lb.N.

Because of stronger market conditions, the Mosaic Co. reported that revenue rose $2.3 billion for the first quarter of 2021, which is an increase of 28% from the comparable period a year earlier. Both sales volumes of phosphates and potash were up in the quarter, Dow Jones reported.

"Grower economics in most global growing regions remain attractive as a result of strong crop demand, affordable inputs and favorable weather," Mosaic said Monday.

The company reported an approximately $50 per metric ton improvement in profit margin in second quarter over the first one. This would be a $80 to $90/ton improvement in average realized prices, which are offset by $30 to $35 per finished product ton of higher raw material costs.

On its potash business, Mosaic said there are similar dynamics that continue to drive demand globally. The company expects to realize a $20 to $30 per ton improvement in average realized prices in the second quarter over the first quarter of 2021.

With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.

Potash is now 17% more expensive, 10-34-0 is 31% higher, urea is 33% more expensive, UAN32 40% higher, anhydrous is 44% more expensive, UAN28 is 48% higher, DAP is 52% more expensive and MAP 62% is higher compared to last year.

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
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
Dec 7-11 2020	456	510	348	361
Jan 4-8 2021	482	543	369	368
Feb 1-5 2021	554	601	389	429
Mar 1-5 2021	609	673	416	474
Mar 29-Apr 2 2021	618	697	429	502
Apr 26-30 2021	629	703	433	513
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Dec 7-11 2020	464	429	210	252
Jan 4-8 2021	464	470	209	251
Feb 1-5 2021	502	507	239	272
Mar 1-5 2021	560	560	254	304
Mar 29-Apr 2 2021	599	685	340	377
Apr 26-30 2021	613	710	350	391

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

Follow him on Twitter @RussQuinnDTN

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