DTN Fertilizer Outlook

Limited Movement in Fertilizer Prices

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average price of potash was slightly higher the second week of November compared to a month earlier with an average price of $314 per ton. The price of potash is currently 26% lower compared to a year ago. (DTN chart)

Editor's note: This update reflects a correction of a statistical error on DTN's data that showed a 9% spike compared to last month in the price of UAN28 last week. We apologize for the error.

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OMAHA (DTN) -- Retail fertilizer prices continued to be fairly steady the second week of November 2016, as they have been in recent weeks, according to fertilizer retailers surveyed by DTN.

Prices for six of the eight major fertilizers were lower compared to a month earlier, and none of these moves were significant. DAP had an average price of $429 per ton, MAP $449/ton, 10-34-0 $447/ton, anhydrous $468/ton, UAN28 $217/ton and UAN32 $256/ton.

Two fertilizers, however, were slightly higher in price looking back to a month prior. Potash had an average price of $314 per ton and urea was at $323/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.35/lb.N, anhydrous $0.29/lb.N, UAN28 $0.39/lb.N and UAN32 $0.40/lb.N.

Retail fertilizers are lower compared to a year earlier. All fertilizers are now double-digits lower.

Both MAP and urea are now down 20%, DAP is 22% less expensive and both 10-34-0 and UAN32 are 23% lower. UAN28 is 25% less expensive while both anhydrous and potash are 26% lower compared to a year prior.

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.

DTN's average of retail fertilizer prices from a month earlier ($ per ton):

DRY
Date Range DAP MAP POTASH UREA
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
June 20-24 2016 470 495 358 366
July 18-22 2016 464 493 357 357
Aug 15-19 2016 452 471 333 337
Sept 12-16 2016 444 458 320 324
Oct 10-14 2016 438 452 313 316
Nov 7-11 2011 429 449 314 323
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
June 20-24 2016 554 567 265 305
July 18-22 2016 546 546 260 304
Aug 15-19 2016 513 516 238 285
Sept 12-16 2016 474 496 233 272
Oct 10-14 2016 454 475 224 264
Nov 7-11 2011 447 468 217 256

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

(AG/BAS)

Russ Quinn