DTN Retail Fertilizer Trends

Urea Lower for First Time in Five Weeks

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Urea was just slightly lower in price the third week of March 2017 compared to one month ago, at $356 per ton. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices were still mostly higher the third week of March 2017, but this climb higher appears to be slowing, according to fertilizer retailers surveyed by DTN. And, for the first time in five weeks, not all of the fertilizers had higher prices.

Seven of the eight major fertilizers were higher compared to a month earlier. While all fertilizers but one were higher once again, none of the eight were up by any noteworthy amount. This is the fourth-consecutive week prices were relatively flat.

DAP had an average price of $438/ton, MAP $464/ton, potash $338/ton and urea $356/ton. 10-34-0 had an average price of $441/ton, anhydrous $507/ton, UAN28 $248/ton and UAN32 $280/ton.

Urea was the one fertilizer that saw its price drop. The nitrogen fertilizer was just slightly lower in price compared to one month ago, this time at $356/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.31/lb.N, UAN28 $0.44/lb.N and UAN32 $0.44/lb.N.

Retail fertilizers are lower compared to one year earlier. Half of the eight major fertilizer are double digits lower.

10-34-0 is 21% lower from a year ago, both anhydrous and UAN32 are 11% less expensive and UAN28 is 10% less expensive. Both potash and urea are 9% less expensive, DAP is 8% lower and MAP is 7% lower compared to one year earlier.

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
Mar 21-25 2016 475 501 371 390
Apr 18-22 2016 477 502 366 388
May 16-20 2016 476 501 365 384
June 13-17 2016 469 496 359 367
July 11-15 2016 467 496 358 360
Aug 8-12 2016 453 482 344 345
Sept 5-9 2016 446 464 325 325
Oct 3-7 2016 438 451 312 315
Oct 31-Nov 4 2016 436 451 314 319
Nov 28-Dec 2 2016 435 445 318 331
Dec 26-30 2016 431 443 321 336
Jan 23-27 2017 429 443 322 347
Feb 20-24 2017 433 452 332 359
Mar 20-24 2017 438 464 338 356
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 21-25 2016 561 569 276 312
Apr 18-22 2016 561 588 274 322
May 16-20 2016 558 588 274 321
June 13-17 2016 555 566 266 305
July 11-15 2016 538 547 266 306
Aug 8-12 2016 528 522 249 299
Sept 5-9 2016 478 502 228 274
Oct 3-7 2016 454 472 224 263
Oct 31-Nov 4 2016 452 471 244 262
Nov 28-Dec 2 2016 447 465 217 256
Dec 26-30 2016 437 466 217 254
Jan 23-27 2017 436 480 235 268
Feb 20-24 2017 440 490 241 276
Mar 20-24 2017 441 507 248 280

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

Follow him on Twitter @RussQuinnDTN

(TN/SK)

Russ Quinn