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- DTN Headline News
DTN Retail Fertilizer Trends
Thursday, June 29, 2017 6:51AM CDT
By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) -- Retail fertilizer prices continued to show little movement in either direction the third week of June 2017, according to fertilizer retailers surveyed by DTN. A look at data collected by DTN so far this year shows prices for some fertilizers have barely budged since the beginning of the year.

Of the eight major fertilizers, prices for all but one were slightly lower compared to a month prior. DAP had an average price of $436 per ton, MAP $470/ton, urea $333/ton, 10-34-0 $435/ton, anhydrous $497/ton, UAN28 $243/ton and UAN32 $273/ton.

The remaining fertilizer, potash, was just slightly higher compared to the previous month. Potash had an average price of $340 per ton the third week of June 2017.

On a price per pound of nitrogen basis, the average urea price was at $0.36/lb.N, anhydrous $0.30/lb.N, UAN28 $0.43/lb.N and UAN32 $0.43/lb.N.

To say retail fertilizer prices have been steady in 2017 would perhaps be an understatement. Twenty-five weeks into the year, an examination of prices collected by DTN shows very little change for many fertilizers since the beginning of the year.

For example, at the beginning of the year, 10-34-0 was at $436 per ton, and this past week, the price was at $435 per ton, a drop of just $1 per ton since the first of the year. DAP was $431 per ton in January, and last week the price was $436 per ton, a difference of only $5 per ton. Urea started the year at $339 per ton and last week was at $333, a difference of $6 per ton.

Prices for the remaining fertilizers were all double-digits higher compared to the beginning of the year, though prices for these fertilizers did see both increases and decreases from one month to the next. Both potash and UAN32 were $18 per ton higher the third week of June 2017 compared to the beginning of the year, UAN28 was $25 per ton higher, MAP $28 per ton higher and anhydrous $32 per ton higher.

While retail fertilizer prices remain fairly stable, there was one interesting item to note in prices this week. Anhydrous fell below $500 per ton for the first time since the third week in February 2017. That week, the price was $490 per ton.

Though prices for some fertilizers have inched higher since the beginning of the year, prices for all retail fertilizers are still lower compared to a year earlier. Three of the eight major fertilizers are still double-digits lower.

10-34-0 is 22% lower from a year ago while anhydrous is 12% less expensive and UAN32 is 10% lower. Both UAN32 and urea are down 9%, DAP is 7% less expensive and both MAP and potash are both 5% lower.

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.

DTN's average of retail fertilizer prices from a month earlier ($ per ton):

DRY
Date Range DAP MAP POTASH UREA
June 20-24 2016 470 495 358 366
July 18-22 2016 464 493 357 357
Aug 15-19 2016 452 471 333 337
Sept 12-16 2016 444 458 320 324
Oct 10-14 2016 438 452 313 316
Nov 7-11 2016 429 449 314 323
Dec 5-9 2016 434 443 318 333
Jan 2-6 2017 431 442 322 339
Jan 30-Feb 3 2017 430 448 329 353
Feb 27-Mar 03 2017 436 458 335 361
Mar 27-31 2017 438 465 338 356
Apr 24-28 2017 437 466 338 352
May 22-26 2017 436 471 340 343
Jun 19-23 2017 436 470 340 333
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
June 20-24 2016 554 567 265 305
July 18-22 2016 546 546 260 304
Aug 15-19 2016 513 516 238 285
Sept 12-16 2016 474 496 233 272
Oct 10-14 2016 454 475 224 264
Nov 7-11 2016 447 468 217 256
Dec 5-9 2016 445 463 219 257
Jan 2-6 2017 436 465 218 255
Jan 30-Feb 3 2017 439 482 236 270
Feb 27-Mar 03 2017 440 502 246 279
Mar 27-31 2017 441 508 248 279
Apr 24-28 2017 437 509 247 280
May 22-26 2017 436 503 249 280
Jun 19-23 2017 435 497 243 273

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

Follow Russ Quinn on Twitter @RussQuinnDTN

(AG/CZ)


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