DTN Retail Fertilizer Trends

Prices for Half of Fertilizers Lower at End of February

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Prices for four of the eight major fertilizers were slightly lower at the end of February. The price of urea dropped the most, from $407 per ton the fourth week of January to $404 the fourth week of February. (DTN chart)

OMAHA (DTN) -- For the first time in several months, retail fertilizer prices appear to be softening somewhat. Prices for half of the eight major fertilizers were slightly lower the fourth week of February 2019 compared to the previous month, according to fertilizer sellers surveyed by DTN.

However, although prices for half of fertilizers were down, none were significantly lower. DAP had an average price of $511 per ton, MAP $535/ton, urea $404/ton and UAN28 $270/ton.

The remaining fertilizers were slightly higher compared to the prior month. Potash had an average price of $386/ton, 10-34-0 $470/ton, anhydrous $596/ton and UAN32 $318/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 $0.50/lb.N.

The fertilizer industry operates in a global market, and U.S.-based fertilizer companies have moved, in recent years, to expand into other areas of the world. One such company is The Mosaic Company.

The company is seeing huge benefits after acquiring Vale Fertilizantes, a Brazilian fertilizer company, last year. Mosaic saw an 86% jump in fourth-quarter sales in 2018 compared to year-ago levels, according to Dow Jones news service.

The bump from Brazil helped to counter less-positive performance for the fertilizer company. This included a decline in the company's phosphate sales volumes, which dropped because of an idled Florida plant and poor fall weather in North America limiting farmers' fall fertilizer applications, according to the company.

The good news in Brazil is expected to continue for the company. Mosaic CEO Joc O'Rourke cited "accelerated synergy capture" between Mosaic and Vale Fertilizantes.

All eight of the major fertilizers are now higher compared to last year with prices rising. MAP is 8% more expensive, both DAP and potash are 11% higher, urea is 12% more expensive, 10-34-0 is 13% higher, UAN32 is 14% more expensive, UAN28 is 16% higher and anhydrous is now 20% 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.

DRY
Date Range DAP MAP POTASH UREA
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
Feb 25-Mar 01 2019 511 535 386 404
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Feb 25-Mar 01 2019 470 596 270 318

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

Follow him on Twitter @RussQuinnDTN

(AG/SK)

Russ Quinn