DTN Retail Fertilizer Trends

OMAHA (DTN) -- Potash continues to lead retail fertilizer prices higher, according to locations tracked by DTN for the second week of July 2021.

For the fourth week in a row, potash saw the largest month-to-month gain, increasing 10% from June to an average price of $501/ton. This marks the first time potash has had an average price above $500/ton since the fourth week of September 2013 when the fertilizer was at $500/ton.

The other fertilizer that was significantly higher, which DTN designates as 5% or more, was DAP. The phosphorus fertilizer was 5% more expensive compared to the prior month and now has an average price of $693/ton.

The average urea price was 4% higher than last month at $550/ton, while MAP gained 2% to $730/ton.

The price of the remaining four fertilizers were all higher than last month, but only by 1% or less. 10-34-0 cost $624/ton, anhydrous $725/ton, UAN28 $368/ton and UAN32 $418/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.44/lb.N, UAN28 $0.66/lb.N and UAN32 $0.65/lb.N.

Dow Jones reports fertilizer prices, specifically ammonia and DAP prices, could decline some in the next six months, according to UBS, an investment bank. While fundamentals mean prices will stay at relatively high levels compared to a year ago, the firm forecasts an average price of DAP in the second half of 2021 at $488/ton compared to $575/ton currently.

DAP has been rallying on strengthening global agriculture demand, recovering soybean and corn prices and recent U.S. countervailing duties on Moroccan and Russian imports. UBS also forecasts ammonia prices to average of $498/ton in the second half of the year versus of spot price of $585/ton.

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

10-34-0 is now 34% more expensive, potash is 39% higher, urea is 53% more expensive, anhydrous is 58% higher, UAN32 is 59% more expensive, UAN28 64% higher, and both DAP and MAP are 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 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
Jul 12-16 2021	693	730	501	550
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Jul 12-16 2021	624	725	368	418

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

Follow him on Twitter @RussQuinnDTN

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