DTN Retail Fertilizer Trends

Fertilizer Prices Move Slightly Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The national average retail price of urea is fractionally higher this week. Prices jumped sharply last fall, but have leveled out since November. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices are once again higher, according to prices tracked by DTN for the last week of January, 2019. This marks the third-consecutive week all eight of the major fertilizers have been higher.

While prices are higher compared to last month, none were up a significant amount, which DTN considers a price move of 5% or more.

DAP had an average price of $513/ton, up $5/ton; MAP $536/ton, up $3/ton; potash $384/ton, up $3/ton; urea $407/ton, up fractionally; 10-34-0 $468/ton, up $8/ton; anhydrous $585/ton, up $14/ton; UAN28 $271/ton, up $4/ton; and UAN32 $313/ton, up $9/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.36/lb.N, UAN28 $0.48/lb.N and UAN32 $0.49/lb.N.

The Fertilizer Institute (TFI) and the Agricultural Retailers Association (ARA) formalized an alliance between their associations and the U.S. Department of Occupational Safety and Health Administration (OSHA), according to a press release from TFI and ARA released on Monday. The alliance will build upon the ResponsibleAg program, a voluntary initiative created in 2014 by TFI and ARA to increase health, safety and security at agricultural retail facilities.

The alliance has already completed its first project, unveiling a training video showing a mock agricultural retail facility inspection. The video was filmed at the ResponsibleAg facility located in Owensboro, Kentucky, and will help to educate facility operators and managers on complying with federal health and safety regulations.

Objectives of the alliance include further leveraging the success of the ResponsibleAg program, sharing information on OSHA's National Initiatives and sharing information on safety and health laws and standards. In addition, the alliance will be speaking, exhibiting or appearing at OSHA, TFI and ARA conferences, local meetings or other events. It will also focus on sharing information among OSHA personnel and industry safety and health professionals and encouraging TFI Local Sections and ARA members to build relationships with OSHA Regional and Area offices.

The alliance will remain in effect for two years, with representatives from each organization meeting periodically. They will discuss the responsibilities of the participants, share information on activities and track results in achieving the goals of the alliance.

All eight of the major fertilizers are now higher compared to last year. MAP is 9% more expensive, both DAP and potash are 12% higher, 10-34-0 is 13% more expensive, urea is 15% higher, both anhydrous and UAN28 are 19% more expensive and UAN32 is now 20% 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 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
Aug 13-17 2018 487 508 356 363
Sep 10-14 2018 491 518 362 380
Oct 8-12 2018 501 523 365 393
Nov 5-9 2018 506 529 368 407
Dec 3-7 2018 501 529 369 410
Dec 31-Jan 4 2019 508 533 381 407
Jan 28-Feb 1 2019 513 536 384 407
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Aug 13-17 2018 446 481 233 271
Sep 10-14 2018 449 487 238 278
Oct 8-12 2018 452 488 238 280
Nov 5-9 2018 458 517 245 287
Dec 3-7 2018 457 524 249 293
Dec 31-Jan 4 2019 460 571 267 304
Jan 28-Feb 1 2019 468 585 271 313

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

Follow him on Twitter @RussQuinnDTN

(KD/SK)

Russ Quinn