DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices continue to move higher, led by two products -- Potash and DAP -- according to retailers contacted for the first week of July 2021.

Potash was up 9% compared to last month and had an average price of $491/ton. Potash has pushed higher in recent weeks thanks to supply issues and increasing global demand.

The other fertilizer that was significantly higher, which DTN designates as 5% or more, is DAP. The phosphorus fertilizer was 5% more expensive compared to the prior month and now has an average price of $690/ton.

The remaining six fertilizers saw just slight price increases.

The average price for urea was up 4% at $549/ton.

Four fertilizers' prices increased 2% compared to last month. MAP had an average price of $729/ton, anhydrous $732/ton, UAN28 $371/ton and UAN32 $421/ton.

10-34-0, at $624/ton, was 1% higher.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.45/lb.N, UAN28 $0.66/lb.N and UAN32 $0.66/lb.N.

German fertilizer manufacturer Bayer hopes to help Brazilian farmers change their farming practices, so their corn and soybean crops can drain more greenhouse gas from the atmosphere. Dow Jones reported Bayer is joining forces with local entities, including the federal agency for agricultural research Embrapa, to work with Brazilian farmers.

The company said it hopes to expand its clientele in the South American agricultural powerhouse as global consumers demand more climate-friendly products. However, many challenges remain in Brazil, including the fact that carbon markets are just developing and Brazilian farmers are known for expanding their crops at the expense of native forests, which are natural carbon sinks.

Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly.

10-34-0 is now 34% more expensive, potash is 36% higher, urea is 52% more expensive, both anhydrous and UAN28 are 59% higher, UAN32 is 55% more expensive, DAP is 70% higher and MAP is 71% more expensive 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
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
Feb 15-19 2021	600	648	404	457
Mar 15-19 2021	616	693	424	496
Apr 12-16 2021	624	702	432	509
May 10-14 2021	631	702	437	515
Jun 7-11 2021	656	717	450	527
Jul 5-9 2021	690	729	491	549
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Feb 15-19 2021	522	530	245	288
Mar 15-19 2021	596	671	331	373
Apr 12-16 2021	609	700	345	387
May 10-14 2021	620	713	361	406
Jun 7-11 2021	620	718	363	414
Jul 5-9 2021	624	732	371	421

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

Follow him on Twitter @RussQuinnDTN

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