DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices remain flat compared to last month, with the average price of all eight major fertilizers moving by $3/ton or less, according to prices tracked by DTN for the third week of April 2020.

Six fertilizers were higher in price compared to last month, but none of them were up a significant amount, which DTN considers 5% or more. DAP has an average price of $410/ton, up $1; urea $385/ton, up $3; 10-34-0 $468/ton, up $2; anhydrous $492/ton, $1; UAN28 $236/ton, up $1; and UAN32 $279/ton, up $1.

The remaining two fertilizers had a slightly lower price with MAP averaging $433/ton, down $1, and potash $370/ton, down fractionally from last month.

On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.

Last week, we reported that Australian fertilizer manufacturer Incitec Pivot Ltd. Was pulling out a potential sale of its Asia Pacific fertilizer business amid the uncertainty created by the COVID-19 pandemic. We have since learned there's perhaps yet another reason why the deal was called off.

Morgan Stanley stated Incitec expects a better outlook for fertilizer demand, which has reduced risks to the company's balance sheet, Dow Jones reported. Not everything is positive for the company, however, as Morgan Stanley also pointed out the company's financial performance is higher than the company's peers.

"Upward movement in key fertilizer prices, an improved domestic season and lower Australian dollar/U.S. dollar provide some tailwinds for Incitec," said Morgan Stanley.

Retail fertilizers are now all lower in price from a year ago. Both DAP and MAP are 18% lower, anhydrous is 17% less expensive, UAN28 and UAN32 are both 12% lower, urea is 6% less expensive, potash is 5% lower and 10-34-0 is 3% less expensive from last year at this time.

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
Apr 29-May 3 2019	498	528	390	413
May 27-31 2019	497	527	392	430
Jun 24-28, 2019	495	531	392	429
Jul 22-26 2019	495	531	394	430
Aug 19-23 2019	491	495	387	413
Sep 16-20 2019	480	478	384	404
Oct 14-18, 2019	465	472	382	402
Nov 11-15 2019	457	465	382	388
Dec 9-13 2019	445	463	378	380
Jan 6-10 2020	435	444	375	358
Feb 3-7 2020	413	435	373	361
Mar 2-6 2020	409	432	369	369
Mar 30-Apr 3 2020	408	432	370	383
Apr 27-May 1 2020	413	433	370	386
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
Apr 29-May 3 2019	487	595	268	315
May 27-31 2019	487	590	270	314
Jun 24-28, 2019	487	584	269	318
Jul 22-26 2019	485	582	272	320
Aug 19-23 2019	475	530	257	291
Sep 16-20 2019	471	509	254	289
Oct 14-18, 2019	471	507	253	289
Nov 11-15 2019	473	496	246	284
Dec 9-13 2019	470	489	241	276
Jan 6-10 2020	471	486	237	272
Feb 3-7 2020	464	490	235	277
Mar 2-6 2020	466	490	235	277
Mar 30-Apr 3 2020	467	492	235	278
Apr 27-May 1 2020	468	492	237	279

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

Follow him on Twitter @RussQuinnDTN

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