DTN Retail Fertilizer Trends

MT JULIET, Tenn. (DTN) -- Anhydrous, urea, UAN28 and UAN32 set new all-time highs this week, according to prices tracked by DTN for the second week of November. The average price of 10-34-0, a starter fertilizer for corn, jumped 10% from last month, which is notable because it hasn't seen many double-digit percentage gains during this fall rally in retail prices.

All but one of the major fertilizers tracked by DTN posted a significant price change compared to the prior month, which DTN considers 5% or more.

Anhydrous led the way with an average price of $1,162 per ton, up 33% from last month.

UAN28 was 28% higher at $566/ton, while UAN32 was 26% higher at $614/ton.

Urea, up 16% compared to last month, cost an average of $832/ton.

Recently, 10-34-0 prices have been the tortoise in this race to higher prices, but compared to last month, the starter fertilizer saw a sizeable 10% gain to $719/ton. While that's nowhere near the record of $1,250/ton set in November 2008, it's the highest since early June 2012.

Potash, with an average price of $762/ton, gained 7% from last month.

Phosphate fertilizers showed the lowest month-over-month gains, with MAP prices climbing 5% to $906/ton and DAP prices increasing by 3% to $821/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.90/lb.N, anhydrous $0.71/lb.N, UAN28 $1.01/lb.N and UAN32 $0.96/lb.N.

All eight fertilizers are higher in price than a year ago. Nitrogen fertilizers show the largest increases. Anhydrous is 175% more expensive, UAN28 costs 172% more, UAN32 is up 147% and urea is 133% higher. Farmers are paying 129% more for potash, 87% more for MAP, 81% more for DAP and 58% more for 10-34-0.

DTN gathers fertilizer price bids from around 300 retailers to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Last week, anhydrous prices pushed above $1,100 per ton for the first time since 2008. This column explored the impact to farmers' expenses for next year's crop and whether it would be enough to sway acreage decisions. You can read it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
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
May 24-28 2021	652	709	443	523
Jun 21-25 2021	670	720	469	541
Jul 19-23 2021	695	750	543	553
Aug 16-20 2021	695	755	564	556
Sep 13-17 2021	702	776	598	572
Oct 11-15 2021	798	860	710	719
Nov 8-12 2021	821	906	762	832
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
May 24-28 2021	619	719	361	407
Jun 21-25 2021	625	724	366	420
Jul 19-23 2021	632	736	365	419
Aug 16-20 2021	631	743	369	420
Sep 13-17 2021	632	762	381	428
Oct 11-15 2021	654	873	442	488
Nov 8-12 2021	719	1162	566	614

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on Twitter at @KatieD_DTN

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