DTN Retail Fertilizer Trends

Most Fertilizer Prices Rise

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
Connect with Russ:
DAP had an average retail price of $483 per ton the first full week of May 2018, up just slightly from $482 the first full week of April 2018. DAP is now 11% higher in price than at the same time last year. (DTN chart)

OMAHA (DTN) -- Average retail fertilizer prices continue to be mostly higher the first full week of May 2018, according to retailers surveyed by DTN.

Seven of the eight major fertilizers were once again priced higher than last month, although none by a significant amount. DAP had an average price of $483 per ton, MAP $505/ton, potash $354/ton, 10-34-0 $431/ton, anhydrous $512/ton, UAN28 $241/ton and UAN32 $276/ton.

The remaining fertilizer was slightly lower in price compared to the previous month. Urea had an average price of $366/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 $0.43/lb.N and UAN32 $0.43/lb.N.

Five of the eight major fertilizers are now higher compared to last year with prices pushing higher in recent months. Anhydrous is now up 1%, both potash and urea are 4% higher, MAP is up 9%, and DAP is 11% higher than last year.

The remaining three fertilizers are lower in price compared to a year ago. Both 10-34-0 and UAN32 are 1% lower, while UAN28 is 3% lower than a year ago.

Fertilizer manufacturer The Mosaic Company announced on Monday it intends to move its corporate headquarters from Plymouth, Minnesota, to Hillsborough County, Florida. The details of the move, including timing, the exact location of the corporate office and the number of employees to be relocated, remains under consideration, according to the company's news release.

The move is expected to yield several benefits to the company. It will allow the headquarters to be closer and have better access to Mosaic Fertilizantes, the name given to its Brazilian operation after the company acquired the Brazilian company Vale Fertilizantes. The sale was completed in January of 2018.

Other reasons for the move, according to Mosaic, were to focus on the potash business and to amplify the company's presence in central Florida. Significant long-term cost savings are also expected. The company has 17 of its 25 U.S. facilities located within Florida, with several facilities there in phosphate production.

"Mosaic is among the largest employers and most significant corporate economic drivers in Central Florida," said Mosaic President and CEO Joc O'Rourke.

"We believe locating our corporate office there will give us opportunities to amplify Mosaic's presence and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value."

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 8-12 2017 437 466 340 351
Jun 5-9 2017 438 469 339 338
Jul 3-7 2017 436 467 339 325
Jul 31-Aug 4 2017 434 463 339 311
Aug 28-Sept 1 2017 433 457 338 303
Sep 15-29 2017 432 453 348 321
Oct 23-27 2017 431 453 347 325
Nov 20-24 2017 435 460 342 338
Dec 18-22 2017 445 485 344 348
Jan 15-19 2018 456 491 345 355
Feb 12-16 2018 457 495 345 357
Mar 12-16 2018 466 503 350 368
Apr 9-13 2018 482 504 353 369
May 7-11 2018 483 505 354 366
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
May 8-12 2017 437 508 247 280
Jun 5-9 2017 435 503 246 278
Jul 3-7 2017 432 462 236 268
Jul 31-Aug 4 2017 426 418 227 262
Aug 28-Sept 1 2017 418 417 215 248
Sep 15-29 2017 413 396 208 243
Oct 23-27 2017 407 393 205 262
Nov 20-24 2017 403 410 216 272
Dec 18-22 2017 405 461 218 254
Jan 15-19 2018 407 485 226 260
Feb 12-16 2018 415 492 230 264
Mar 12-16 2018 421 503 237 282
Apr 9-13 2018 427 510 241 275
May 7-11 2018 431 512 241 276

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

Follow Russ Quinn on Twitter @RussQuinnDTN

(ES/AG)

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[B1] D[0x0] M[320x50] OOP[T] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]

Russ Quinn