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/….
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Katie Dehlinger can be reached at firstname.lastname@example.org
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