DTN Retail Fertilizer Trends

Fertilizer Prices Continue to Rise as Nitrogen Price Spikes Taper Off

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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On a price per pound of nitrogen basis, the average urea price was at $0.44 per lb.N, anhydrous $0.35/lb.N, UAN28 $0.48/lb.N and UAN32 $0.47/lb.N. (DTN chart)

OMAHA (DTN) -- Average retail fertilizer prices continued to move higher the second week of January 2019, although none saw significant price jumps, according to fertilizer retailers surveyed by DTN. That brings a four-week price spike for three nitrogen fertilizers to an end.

As has been the case the last three consecutive weeks, prices for seven of the eight major fertilizers are higher, though none by a considerable amount, which DTN considers a price move of 5% or more.

DAP had an average price of $508 per ton, up $3; MAP $533/ton, up fractionally; potash $381/ton, up $6; 10-34-0 $461/ton, up $6; anhydrous $573/ton, up $21; UAN28 $267/ton, up $6; and UAN $304/ton, up $2.

The average urea price was fractionally lower than last month at $407 per ton.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.35/lb.N, UAN28 $0.48/lb.N and UAN32 $0.47/lb.N.

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The Mosaic Company announced last week that it has entered into a memorandum of understanding (MOU) with Sinochem, China's largest agricultural input company, according to Dow Jones. Sinochem intends to purchase phosphate rock and phosphate fertilizer, including premium products, from Mosaic.

Terms and conditions of the purchases are to be outlined in a separate contract between the two companies.

"We are pleased to build on our promising relationship with Sinochem," Mosaic President and CEO Joc O'Rourke said. "Sinochem is developing a Modern Agriculture Platform for China, and we at Mosaic look forward to partnering with Sinochem to contribute to this important progress for Chinese farmers."

All eight of the major fertilizers are now higher compared to last year with prices shifting higher. MAP is 9% more expensive, potash is 10% higher, DAP is 11% more expensive, 10-34-0 is 13% higher, urea is 17% more expensive, UAN32 is 18% higher, anhydrous is 20% more expensive and UAN28 is now 22% higher 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.

DRY
Date Range DAP MAP POTASH UREA
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
Nov 12-16 2018 500 530 368 407
Dec 10-14 2018 505 533 375 407
Jan 7-11 2019 508 533 381 407
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Nov 12-16 2018 457 519 245 287
Dec 10-14 2018 455 552 261 302
Jan 7-11 2019 461 573 267 304

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

Follow him on Twitter @RussQuinnDTN

(KD/AG)

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Russ Quinn