DTN Retail Fertilizer Trends

Fertilizer Prices Remain Steady

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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UAN28 prices have hovered close to 2010 levels after bottoming earlier this year. (DTN Chart)

OMAHA (DTN) -- As has been the case in recent weeks, fertilizer prices continue to move very little, according to retailers tracked by DTN for the fourth week of May 2016. Retail fertilizer prices have been unwavering for seven consecutive weeks now.

Seven fertilizers inched lower compared to last month, the survey found. None were down an amount of any consequence. DAP averaged $476/ton, MAP $501/ton, potash $365/ton, urea $381/ton, 10-34-0 $560/ton, anhydrous $587/ton and UAN32 $321/ton.

The remaining fertilizer was slightly higher compared to the month earlier but again the move was fairly small. UAN28 averaged $274/ton.

On a price per pound of nitrogen basis, urea averaged $0.41/lb.N, anhydrous $0.36/lb.N, UAN28 $0.49/lb.N and UAN32 $0.50/lb.N.

Although retail fertilizer prices have stagnated in recent months, fertilizers remain lower compared to a year earlier. All fertilizers are now double digits lower.

UAN32 and 10-34-0 are both 14% lower while MAP is 16% less expensive. DAP, urea, anhydrous and UAN28 are all 17% lower from a year ago. In addition, potash is 26% less expensive.

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):

DRY
Date Range DAP MAP POTASH UREA
May 25-29 2015 570 597 492 459
June 22-26 2015 572 597 490 469
July 20-24 2015 569 594 487 469
Aug 17-21 2015 568 587 477 448
Sept 14-18 2015 563 579 462 432
Oct 12-16 2015 547 564 440 418
Nov 9-13 2015 547 561 426 405
Dec 7-11 2015 534 555 417 397
Jan 4-8 2016 495 521 392 381
Feb 1-5 2016 488 502 381 370
Feb 29-Mar 4 2016 476 492 373 374
Mar 28-Apr 1 2016 478 501 370 386
Apr 25-29 2016 476 502 366 386
May 23-27 2016 476 501 365 381
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
May 25-29 2015 650 710 332 371
June 22-26 2015 641 690 330 369
July 20-24 2015 636 689 324 354
Aug 17-21 2015 611 667 309 349
Sept 14-18 2015 593 653 300 345
Oct 12-16 2015 584 640 295 338
Nov 9-13 2015 581 631 289 332
Dec 7-11 2015 575 625 284 330
Jan 4-8 2016 572 582 273 316
Feb 1-5 2016 549 555 263 305
Feb 29-Mar 4 2016 566 537 260 309
Mar 28-Apr 1 2016 561 580 268 315
Apr 25-29 2016 560 587 274 321
May 23-27 2016 560 587 274 321

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

Follow him on Twitter @RussQuinnDTN

(MZT/CZ)

Russ Quinn