DTN Retail Fertilizer Trends

Most Fertilizer Prices Inch Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of urea increased $2 per ton over the past month, but it is $57/ton higher than the same week last year, up 19%. (DTN Chart)

OMAHA (DTN) -- Fertilizer prices continue to push slightly higher, according to retailers tracked by DTN for the third week of July 2018.

Seven of the eight major fertilizers were higher compared to last month, but none were up a significant amount. DAP had an average price of $486/ton, MAP $505/ton, urea $366/ton, 10-34-0 $442/ton, anhydrous $503/ton, UAN28 $243/ton and UAN32 $279/ton.

Potash was unchanged from the previous month with an average price of $354/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 $0.44/lb.N.

Fertilizer retailers are starting to release prices for fall application, and some farmers report these prices are coming in higher than they were last spring.

One Minnesota farmer told DTN his local fertilizer retailers have set prices significantly higher than last year, and many are on the fence about whether they will book any fertilizer for fall, a decision they usually make midsummer. One of his concerns is cash flow, but at the same time, he's worried a rally in the corn market could push prices even higher by spring.

"I'm in an area where I can and do usually put down most of my fertilizer in the fall," he said. "This might be the first time I don't do any."

All eight of the major fertilizers are higher compared to last year. 10-34-0 is 4% higher, both potash and UAN32 are 5% more expensive, UAN28 is 6% higher, MAP is 9% more expensive, DAP is 12% higher, anhydrous is 18% higher and urea is 19% more expensive compared to last 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
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
Apr 23-27 2018 485 504 353 367
May 21-25 2018 483 504 354 364
Jun 18-22 2018 485 505 354 364
Jul 16-20 2018 486 505 354 366
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 10-14 2017 431 451 235 268
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
Apr 23-27 2018 431 507 241 277
May 21-25 2018 439 504 241 276
Jun 18-22 2018 440 503 242 277
Jul 16-20 2018 442 503 243 279

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

Follow him on Twitter @RussQuinnDTN

(KD/CZ)

Russ Quinn