DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices are slightly higher for the second full week of June 2021. This marks the fifth straight week where fertilizer prices have been higher, but none have increased more than 5% threshold, which DTN considers significant.

The average retail price of DAP and potash each increased 3% compared to last month, coming in at $661/ton and $454/ton, respectively.

MAP, urea and UAN32 each saw 2% increases from last month. MAP was $719/ton, urea $531/ton and UAN32 $414/ton.

At $365/ton, the average retail price of UAN28 was 1% higher than last month.

While prices for 10-34-0 and anhydrous were higher, they were up less than 1% from last month; 10-34-0 had an average price of $621/ton, while anhydrous cost $719/ton on average.

On a price per pound of nitrogen basis, the average urea price was at $0.58/lb.N, anhydrous $0.44/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

Nutrien Ltd. announced Monday it is increasing its first-half 2021 earning guidance given the strength in global fertilizer markets and strong operational results. In a press release, the fertilizer giant announced first-half earnings per share is expected to be $2.30 to $2.50, up significantly from the previous guidance of $2.00 to $2.20.

In addition, the company announced it is planning on increasing potash production by 500,000 metric tons (mt), doubling production compared to expectations earlier this year.

The majority of the increased production is expected to happen in the fourth quarter of 2021, with some of this additional production to be sold in early 2022.

"The quality and breadth of our integrated network combined with unparalleled expertise in potash mining and an exceptional transportation and logistic system help ensure our customers have the crop inputs they need to feed a growing world and drives tremendous shareholder value," said Mayo Schmidt, Nutrient President and CEO.

Potash is now 25% more expensive, 10-34-0 is 33% higher, urea is 48% more expensive, UAN32 52% higher, anhydrous is 55% more expensive, UAN28 is 57% higher, DAP is 63% more expensive and MAP 68% 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
Jun 15-19 2020	405	429	363	360
Jul 13-17 2020	406	428	361	359
Aug 10-14 2020	426	434	353	355
Sep 7-Sep 11, 2020	434	445	345	360
Oct 5-9 2020	441	466	335	361
Nov 2-6 2020	447	479	331	358
Nov 30-Dec 4 2020	455	499	340	359
Dec 28-Jan 1 2021	475	537	366	367
Jan 25-29 2021	500	580	379	405
Feb 22-26 2021	605	661	408	464
Mar 22-26 2021	616	696	428	499
Apr 19-23 2021	627	703	432	510
May 17-21 2021	642	708	440	521
Jun 14-18 2021	661	719	454	531
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Jun 15-19 2020	468	464	233	273
Jul 13-17 2020	468	460	225	263
Aug 10-14 2020	465	447	221	259
Sep 7-Sep 11, 2020	459	434	216	253
Oct 5-9 2020	457	424	209	250
Nov 2-6 2020	455	423	208	248
Nov 30-Dec 4 2020	459	427	208	249
Dec 28-Jan 1 2021	464	470	209	250
Jan 25-29 2021	489	489	220	258
Feb 22-26 2021	532	544	250	296
Mar 22-26 2021	599	684	335	376
Apr 19-23 2021	612	707	348	391
May 17-21 2021	620	716	361	407
Jun 14-18 2021	621	719	365	414

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

Follow him on Twitter @RussQuinnDTN

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