DTN Retail Fertilizer Trends

Fertilizer Prices Continue Fairly Stable

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Anhydrous prices were slightly higher the first week of May 2017, compared to the previous month, with an average of $508 per ton. Anhydrous is currently 14% less expensive than a year ago. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices continued to hold fairly steady the first week of May 2017, according to retailers surveyed by DTN. While more fertilizer prices were lower this week compared to the previous week, the moves were fairly minor.

Of the eight major fertilizer, six were slightly lower in price compared to a month earlier. These were DAP, MAP, urea, 10-34-0, UAN28 and UAN32.

DAP had an average price of $436 per ton, MAP $466/ton, urea $351/ton, 10-34-0 $436/ton, UAN28 $247/ton and UAN32 $280/ton.

The remaining two fertilizers were slightly higher in price from last month. Potash had an average price of $339 per ton and anhydrous $508/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.38/lb.N, anhydrous $0.31/lb.N, UAN28 $0.44/lb.N and UAN32 $0.44/lb.N.

Spring planting has moved along somewhat smoothly in many areas of the Northern Plains. Mark Rohrich, who operates Maverick Ag, a full-service agronomy center, and also farms near Ashley, North Dakota, said most of the spring wheat is seeded, about half of the corn is planted and other crops like sunflowers are still be planted.

Most of the corn fertilizer has already been applied, as most farmers in his south-central North Dakota region put down fertilizer before planting in the form of urea. Very little side-dressing happens in the area, he said.

"I know many guys here have been waiting on rain for fertilizer applied broadcast in no-till over the last few weeks and we have gotten none," Rohrich told DTN.

As for where retail fertilizer prices could be headed, Rohrich expects a fairly steady market in the coming months. Retail fertilizer prices will most likely follow whatever level commodity prices are at, he said.

"I don't see big jumps up [in fertilizer prices] in these kinds of grain markets, and most farmers already have their belts pretty tight," he said.

Retail fertilizer prices are lower compared to a year earlier. Half of the eight major fertilizers are still double-digits lower.

10-34-0 is 22% lower than a year ago, anhydrous is 14% less expensive, UAN32 is 13% lower and UAN28 is 10% less expensive. Urea is 9% lower, DAP is 8% less expensive and both potash and MAP are 7% lower compared to 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
May 2-6 2016 475 502 366 385
May 30-June 3 2016 473 499 363 375
June 27-July 1 2016 468 495 358 365
July 25-29 2016 459 492 356 356
Aug 22-26 2016 451 468 330 330
Sept 19-23 2016 443 453 319 323
Oct 17-21 2016 436 452 313 317
Nov 14-18 2016 436 445 315 327
Dec 12-16 2016 433 443 320 333
Jan 9-13 2017 432 441 320 338
Feb 6-10 2017 431 448 330 354
Mar 03-10 2017 436 460 336 361
Apr 3-7 2017 438 466 338 354
May 1-5 2017 436 466 339 351
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
May 2-6 2016 560 589 274 321
May 30-June 3 2016 559 579 268 313
June 27-July 1 2016 554 566 266 304
July 25-29 2016 543 545 257 304
Aug 22-26 2016 502 515 234 280
Sept 19-23 2016 470 494 225 271
Oct 17-21 2016 453 475 224 265
Nov 14-18 2016 445 466 219 256
Dec 12-16 2016 444 463 219 257
Jan 9-13 2017 437 467 222 258
Feb 6-10 2017 440 485 238 273
Mar 03-10 2017 441 503 246 279
Apr 3-7 2017 441 505 248 280
May 1-5 2017 436 508 247 280

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

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(AG/CZ)

Russ Quinn