OMAHA (DTN) -- Fertilizer prices continue to slip lower and some have hit historically low levels, according to retailers tracked by DTN for the fourth week of September.
Only one fertilizer had a price decline of any significance in the last few weeks. Potash dropped 5% compared to last month with an average price of $454/ton. The remaining seven fertilizers tracked by DTN dipped in price during this period, but only slightly.
DAP averaged $562/ton, MAP $575/ton, urea $428/ton, 10-34-0 $589/ton, anhydrous $646/ton, UAN28 $297/ton and UAN32 $343/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.47/lb.N, anhydrous $0.39/lb.N, UAN28 $0.53/lb.N and UAN32 $0.54/lb.N.
Fertilizer prices are moving lower but the question is how current prices compared to the historic trend. Potash's average price ($454/ton) is now at the lowest level in the history of the DTN retail fertilizer data set, which has recorded prices since November 2008. Before now, the lowest average price for potash was at $467/ton, the last week of August 2010.
Other fertilizers with fairly historical low retail prices would be UAN28, UAN32 and urea.
UAN28's average price of $297/ton was the first time sub-$300/ton has been seen since the second week of September 2010, when the average price was $296/ton. While the price now is below $300/ton, UAN28 slid as low as $199/ton in August 2009.
UAN32 is at its lowest price level ($343/ton) since the first week of October 2010 when the average price was at $338/ton. Its lowest price occurred the third week of November 2009 with an average price of $244/ton.
Urea has also seen its price move into fairly historic low levels. The nitrogen fertilizer's average price ($428/ton) is the lowest price since the third week of July 2010. That week the average price was at $367/ton.
The remaining four fertilizers have lower retail prices historically but these levels have been matched the last couple of years.
Both DAP ($562/ton) and MAP ($575/ton) are at their lowest prices since the last week of February 2014. DAP's average price that week was at $542/ton and MAP was at $561/ton.
Anhydrous prices ($646/ton) are currently at the lowest levels since March 2014. The average price then was $633/ton.
Interestingly, the current anhydrous price is not anywhere near the all-time low price for the nitrogen fertilizer. That was achieved in the first week of September 2009 when the average price was at $409/ton.
The fertilizer that has declined the least would be starter fertilizer, 10-34-0, which is not a major surprise. Starter fertilizer's price ($589/ton) continues to be elevated after seeing a sizeable increase earlier this year because of a shortage of acid used to make the fertilizer.
With retail fertilizer prices moving lower in recent weeks, only one fertilizer is now higher compared to a year earlier. 10-34-0 is 6% higher compared to last year.
The remaining seven nutrients are now lower compared to retail prices from a year ago. DAP is 3% lower, both MAP and potash are 4% less expensive, anhydrous is 7% lower, UAN32 is 9% less expensive, UAN28 is 10% lower and urea is 16% less expensive from a year previous.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to November 2008 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
DTN's average of retail fertilizer prices from a month earlier ($ per ton):
|Sept 22-26 2014||579||600||473||510|
|Oct 20-24 2014||582||599||478||507|
|Nov 17-21 2014||576||595||480||493|
|Dec 15-19 2014||565||592||483||461|
|Jan 12-16 2015||566||594||486||465|
|Feb 9-13 2015||569||597||488||473|
|Mar 9-13 2015||570||597||489||471|
|Apr 6-Apr 10 2015||570||598||491||461|
|May 4-8 2015||570||598||491||457|
|June 1-5 2015||570||598||491||461|
|June 29-July 3 2015||570||596||490||469|
|July 27-31 2015||569||594||487||469|
|Aug 24-28 2015||567||586||476||447|
|Sept 21-25 2015||562||575||454||428|
|Sept 22-26 2014||555||694||329||377|
|Oct 20-24 2014||557||697||327||367|
|Nov 17-21 2014||560||709||322||366|
|Dec 15-19 2014||572||705||322||362|
|Jan 12-16 2015||582||710||325||364|
|Feb 9-13 2015||589||707||330||370|
|Mar 9-13 2015||626||706||331||371|
|Apr 6-Apr 10 2015||648||709||333||370|
|May 4-8 2015||653||711||331||371|
|June 1-5 2015||650||710||331||371|
|June 29-July 3 2015||642||705||330||369|
|July 27-31 2015||636||689||324||354|
|Aug 24-28 2015||609||667||309||350|
|Sept 21-25 2015||589||646||297||343|
Russ Quinn can be reached at firstname.lastname@example.org
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