DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices for the first full week of June 2021 are marginally higher. This marks the fourth straight week of slightly higher fertilizer prices.

As has been the case in recent weeks, no fertilizers were significantly higher, which DTN designates as 5% or more.

DAP prices increased 4% to $656/ton compared to the prior month.

Potash prices increased 3% to $450/ton.

MAP, urea and UAN32 had 2% increases on the week. MAP was $717/ton, urea $527/ton and UAN32 $414/ton.

The average retail price of anhydrous and UAN28 fertilizer climbed by 1% to $718/ton and $363/ton, respectively.

10-34-0 had an average price of $620/ton, unchanged from the previous month.

On a price per pound of nitrogen basis, the average urea price was at $0.57/lb.N, anhydrous $0.44/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

Dow Jones reported last week Australian Potash Limited's stock price appears to be well priced. Shaw and Partners, a brokage firm, is forecasting the company's long-run potash price at $550/ton, but the firm said the company's share prices reflects a price closer to $400/ton.

"We are positive sulfate of potash markets given arable land per capital is shrinking and SOP is a premium type of potassium-carrying fertilizer with no substitutes," Shaw said.

With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.

Potash is now 24% more expensive, 10-34-0 is 33% higher, urea is 44% more expensive, UAN32 50% higher, anhydrous is 52% more expensive, UAN28 is 55% higher, DAP is 62% more expensive and MAP 67% is 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
Jun 8-12 2020	406	430	363	367
Jul 6-10 2020	405	427	360	360
Aug 3-7 2020	416	430	357	354
Aug 31-Sep 4 2020	431	442	348	361
Sep 28-Oct 2 2020	439	459	338	362
Oct 26-30 2020	448	477	332	358
Nov 23-27 2020	456	495	337	359
Dec 21-25 2020	474	535	365	363
Jan 18-22 2021	493	563	379	387
Feb 15-19 2021	600	648	404	457
Mar 15-19 2021	616	693	424	496
Apr 12-16 2021	624	702	432	509
May 10-14 2021	631	702	437	515
Jun 7-11 2021	656	717	450	527
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Jun 8-12 2020	468	472	235	276
Jul 6-10 2020	467	461	233	272
Aug 3-7 2020	465	455	222	262
Aug 31-Sep 4 2020	459	436	216	254
Sep 28-Oct 2 2020	457	424	212	250
Oct 26-30 2020	456	423	209	249
Nov 23-27 2020	457	424	210	249
Dec 21-25 2020	463	461	210	250
Jan 18-22 2021	481	482	215	251
Feb 15-19 2021	522	530	245	288
Mar 15-19 2021	596	671	331	373
Apr 12-16 2021	609	700	345	387
May 10-14 2021	620	713	361	406
Jun 7-11 2021	620	718	363	414

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

Follow him on Twitter @RussQuinnDTN

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