DTN Retail Fertilizer Trends

Most Retail Fertilizer Prices End March Slightly Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of UAN32 the fourth week of March 2018 was $272 per ton, down about 2.5% from $279 per ton the fourth week of February 2018. (DTN chart)

OMAHA (DTN) -- Average retail prices for all but one fertilizer continued to edge higher the fourth week of March 2018, according to retailers surveyed by DTN.

Prices for seven of the eight fertilizers were up slightly from the previous month. DAP had an average price of $470 per ton, MAP $506/ton, potash $350/ton, urea $370/ton, 10-34-0 $425/ton, anhydrous $507/ton and UAN28 $237/ton.

For the first time in a few weeks, one fertilizer was slightly lower in price compared to the previous month. The average price of UAN32 was down about 2.5% from last month at $272 per ton.

On a price per pound of nitrogen basis, the average urea price was at $0.40/lb.N, anhydrous $0.31/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N.

Half of the fertilizers are now higher in price compared to last year with prices pushing higher in recent months. Both potash and urea are 4% higher, DAP is 7% more expensive and MAP is 9% higher than last year.

The remaining half of fertilizers are lower in price compared to a year prior. Anhydrous is 1% less while UAN32 is 3% less and both 10-34-0 and UAN28 are 4% less looking back a year.

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 27-31 2017 438 465 338 356
Apr 24-28 2017 437 466 338 352
May 22-26 2017 436 471 340 343
Jun 19-23 2017 436 470 340 333
Jul 17-21 2017 435 464 339 309
Aug 14-18 2017 434 460 338 305
Sep 11-15 2017 431 456 336 310
Oct 9-13 2017 432 453 347 325
Nov 6-10 2017 434 459 341 338
Dec 4-8 2017 438 471 343 344
Jan 1-5 2018 452 490 345 350
Jan 29-Feb 2 2018 458 492 344 355
Feb 26-Mar 2 2018 461 497 346 361
Mar 26-30 2018 470 506 350 370
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 27-31 2017 441 508 248 279
Apr 24-28 2017 437 509 247 280
May 22-26 2017 436 503 249 280
Jun 19-23 2017 435 497 243 273
Jul 17-21 2017 425 425 229 265
Aug 14-18 2017 419 419 216 251
Sep 11-15 2017 416 412 210 248
Oct 9-13 2017 413 397 206 253
Nov 6-10 2017 403 409 216 272
Dec 4-8 2017 404 424 215 251
Jan 1-5 2018 409 474 219 256
Jan 29-Feb 2 2018 415 491 227 261
Feb 26-Mar 2 2018 416 496 233 279
Mar 26-30 2018 425 507 237 272

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

Follow him on Twitter @RussQuinnDTN

(AG/BAS)

Russ Quinn