DTN Retail Fertilizer Trends

Most Prices Continue Higher, But Anhydrous Increases Stall

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
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Urea recorded the highest increase of eight fertilizers tracked by DTN, rising by $21/ton since last month. Prices are $65/ton higher than at the same time last year. (DTN chart)

OMAHA (DTN) -- After five consecutive weeks of across-the-board, month-over-month increases in retail fertilizer prices, only six of the eight fertilizers tracked by DTN were higher for the third week of October 2018.

Urea recorded the largest month-over-month increase of $21/ton to $405/ton. One year ago, urea prices came in at $340/ton. The second-highest rise in price since last month came from 10-34-0, which grew by $9/ton to $457/ton.

Small increases were seen in UAN32, UAN28, DAP and potash. UAN 32 saw an average price increase of $5/ton to $283/ton from one month ago. UAN 28 and DAP both increased by $4/ton to $243/ton and $498/ton, respectively. Since last month, the average price of potash increased by $3/ton to $365.

The price of anhydrous remained steady at $494/ton since last month, while MAP showed the only price decrease, falling from $520/ton to $518/ton for this update. However, the average anhydrous price is $97 higher than one year ago, while MAP is now $66 higher than last year.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.30/lb.N, UAN28 $0.43/lb.N and UAN32 $0.44/lb.N.

As fertilizer prices continue to rise, the University of Arkansas chemical engineering department announced efforts last week to help farmers develop systems to recycle water and recover nutrients to be reused as fertilizer. The research is funded with a $4.3 million grant from the USDA.

According to a news release, the grant is used to support research on electrochemical processes for treating nutrients in wastewater. The process involves attaching electrodes to a fine membrane as a way to filter or separate nutrients from wastewater and convert them into fertilizer.

You can read more here:

https://news.uark.edu/…

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.

DRY
Date Range DAP MAP POTASH UREA
Oct 16-20 2017 432 452 348 340
Nov 13-17 2017 435 459 342 339
Dec 11-15 2017 439 479 343 340
Jan 8-12 2018 456 491 346 352
Feb 5-9 2018 458 493 344 355
Mar 5-9 2018 463 503 349 367
Apr 2-6 2018 478 508 352 370
Apr 30-May 4 2018 485 505 353 368
May 28-June 1 2018 483 504 354 364
Jun 25-29 2018 485 505 354 364
Jul 23-27 2018 486 504 356 366
Aug 20-24 2018 487 514 356 364
Sep 17-21 2018 494 520 362 384
Oct 15-19 2018 498 518 365 405
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Oct 16-20 2017 413 397 205 262
Nov 13-17 2017 403 410 216 272
Dec 11-15 2017 403 434 218 256
Jan 8-12 2018 410 479 220 258
Feb 5-9 2018 415 492 227 261
Mar 5-9 2018 422 499 234 272
Apr 2-6 2018 425 508 239 274
Apr 30-May 4 2018 431 510 241 277
May 28-June 1 2018 439 504 241 276
Jun 25-29 2018 440 504 242 277
Jul 23-27 2018 442 501 243 279
Aug 20-24 2018 446 481 233 271
Sep 17-21 2018 448 494 239 278
Oct 15-19 2018 457 494 243 283

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on Twitter @toddneeleyDTN

(KD/BAS)

Todd Neeley