DTN Retail Fertilizer Trends

Fertilizer Prices Continue to Move Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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DAP had an average price of $444 per ton the third week of December 2019, down $12 per ton from $456 a month ago. (DTN chart)

OMAHA (DTN) -- Average retail fertilizer prices continued to shift lower the third week of December 2019, according to retailers surveyed by DTN.

All eight of the major fertilizers were lower in price from a month earlier, but none were considerably lower. DTN designates a significant price move as 5% or more.

DAP had an average price of $444 per ton, MAP $460/ton, potash $378/ton, urea $377/ton, 10-34-0 $469/ton, anhydrous $487/ton, UAN28 $239/ton and UAN32 $276/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.41/lb.N, anhydrous $0.30/lb.N, UAN28 $0.43/lb.N and UAN32 $0.43/lb.N.

A major fertilizer manufacturer announced last week it will cut back on production. Mosaic Co. said it will curtail phosphate production by an additional 150,000 metric tons (mt) per month at its central Florida location until the market improves, according to Dow Jones.

The decreased production is in addition to the 50,000 mt reduction implemented in the second half of 2019, primarily in Louisiana.

"A third consecutive disappointing application season in North America has led to continuing high inventories and price weakness. Mosaic will not produce at high rates when we are unable to realize reasonable prices," John O'Rourke, Mosaic CEO, said.

As a result of the fertilizer production decrease, the company said it expects fourth-quarter potash and phosphates shipment volumes to be "modestly below" recently provided guidance ranges. Last month, Mosaic said it expected fourth-quarter potash sale volumes of 1.7 million to 1.9 million metric tons (mmt) and phosphates sales volumes of 2.1 mmt to 2.3 mmt.

Retail fertilizers are mixed in price from a year ago. Both MAP and anhydrous are now 14% less expensive, DAP is 13% lower, UAN28 is 10% less expensive, UAN32 is 9% lower, urea is 7% lower and 10-34-0 is 3% less expensive from last year at this time. In addition, potash is 1% higher 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
Dec 17-21 2018 508 532 377 407
Jan 14-18 2019 512 534 383 407
Feb 11-15 2019 512 537 385 405
Mar 11-15 2019 510 534 386 402
Apr 8-12 2019 505 532 387 404
May 6-10 2019 501 527 391 418
Jun 3-7 2019 497 527 392 434
Jul 1-5, 2019 498 532 392 432
Jul 29-Aug 2 2019 494 530 393 428
Aug 26-30 2019 491 494 387 412
Sep 23-27, 2019 479 475 384 404
Oct 21-25, 2019 465 473 383 404
Nov 18-22 2019 456 466 381 387
Dec 16-20 2019 444 460 378 377
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Dec 17-21 2018 457 565 265 304
Jan 14-18 2019 462 580 270 305
Feb 11-15 2019 470 596 271 318
Mar 11-15 2019 469 596 269 318
Apr 8-12 2019 481 592 271 317
May 6-10 2019 487 595 267 310
Jun 3-7 2019 487 591 271 314
Jul 1-5, 2019 482 584 276 317
Jul 29-Aug 2 2019 486 580 272 320
Aug 26-30 2019 470 528 256 290
Sep 23-27, 2019 471 511 254 289
Oct 21-25, 2019 471 507 251 291
Nov 18-22 2019 472 496 245 284
Dec 16-20 2019 469 487 239 276

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

Follow him on Twitter @RussQuinnDTN

(AG/CZ)

Russ Quinn