DTN Retail Fertilizer Trends

UAN Fertilizers Continue Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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UAN32 had an average price of $248 per ton the fourth week of August 2017. That was 7% lower than the previous month's price of $265 per ton. (DTN chart)

OMAHA (DTN) -- Average retail prices for most fertilizers were lower again the fourth week of August 2017 compared to the previous month, according to fertilizer retailers surveyed by DTN.

Prices for seven of the eight major fertilizers were lower compared to last month, though only two were down significantly. UAN32 was 7% lower compared to the previous month and had an average price of $248 per ton. UAN28 was also lower, down 6% compared to last month. UAN28 had an average price of $216/ton.

The remaining five fertilizers were just slightly lower in price compared to last month. MAP had an average price of $458/ton, potash $338/ton, urea $304/ton, 10-34-0 $419/ton and anhydrous $417/ton.

One fertilizer was unchanged in price compared to a month ago. DAP had an average price of $434 per ton, the same as the fourth week of July 2017.

On a price per pound of nitrogen basis, the average urea price was at $0.33/lb.N, anhydrous $0.25/lb.N, UAN28 $0.38/lb.N and UAN32 $0.39/lb.N.

In the Fertilizer Update on the Hefty Seed Company's Equipment and Fertilizer Gazette electronic newsletter, author Rob Fritz said fall fertilizer prices should be coming out soon for the company, and it appears prices will be lower.

"From all indicators, it looks like fertilizer will be lower and possibly much lower than last season," Fritz wrote. "We already have $0.25/lb nitrogen in the urea form we can get today, and that is much lower than last year."

These lower prices in urea should encourage other forms of nitrogen to drop in price, as well. Fritz wrote that this should put pressure on the liquid nitrogen, so large price drops could be seen with this form of nitrogen.

While there hasn't been much price movement with phosphorus (P) and potash (K), lower prices could also be on the way for these nutrients, he wrote.

"P and K pricing is flat at this time, but we do suspect that we will see lower fill prices," he wrote.

All but one retail fertilizer are lower compared to a year earlier. Three of the eight major fertilizers are double digits lower.

Anhydrous is now 19% lower from a year ago while 10-34-0 is 17% less expensive and UAN32 is 11% lower. Both urea and UAN28 are 8% less expensive, DAP is 4% lower and MAP is 2%. The one fertilizer higher compared to last year is potash, which is now 2% more 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 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
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
May 29-Jun 2 2017 436 471 340 339
Jun 26-30 2017 437 470 340 333
Jul 24-28 2017 434 462 338 308
Aug 21-25 2017 434 458 338 304
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
May 29-Jun 2 2017 436 503 248 280
Jun 26-30 2017 435 484 238 268
Jul 24-28 2017 425 423 229 265
Aug 21-25 2017 419 417 216 248

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

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(AG/BAS)

Russ Quinn