DTN Retail Fertilizer Trends

By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) — Retail fertilizer prices remain stable, continuing their pattern in recent weeks, according to fertilizer prices tracked by DTN for the fourth week of April 2015.

Five of the eight major fertilizers edged higher in price compared to a month earlier but these moves were fairly minor, including 10-34-0, which had been moving significantly higher for several months. DAP had an average price of $571 per ton, potash $492/ton, 10-34-0 $652/ton, anhydrous $711/ton and UAN32 $371/ton.

Two fertilizers were lower compared to the previous month, but again the move down was fairly small. Urea had an average price of $455/ton and UAN28 $332/ton.

One fertilizer, MAP, was unchanged from a month earlier. The phosphorus fertilizer had an average price of $598/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.49/lb.N, anhydrous $0.43/lb.N, UAN28 $0.59/lb.N and UAN32 $0.58/lb.N.

DTN has reported much on the aftermath of the West, Texas, fertilizer plant explosion on April 17, 2013, which killed 15 people and caused much property damage. Earlier this month, the Texas House of Representatives gave preliminary approval to strengthen ammonium nitrate storage rules.

"The bill passed [April 24] — which still must pass the state Senate and be signed into law by Gov. Greg Abbott — would give local fire marshals the power to inspect facilities and order owners to make changes if any conditions in the facility could cause a fire or explosion," the Associated Press reported.

The bill would also require ammonium nitrate to be stored away from combustible materials. In addition, it would require facilities to report hazardous chemicals to the Texas Commission on Environmental Quality, which then must make the chemical storage information public.

The proposal was advanced by Republican Rep. Kyle Kacal, whose district includes West. The measure is "good enough for West," Kacal said.

Other lawmakers said the state did not include stiffer measures because Texas is concerned these type of bills and possible regulations could harm business.

"My fear was, and is — did we learn our lesson, and is this enough? I don’t believe so," said El Paso Democratic Rep. Joe Pickett, who chaired an interim panel into the West incident, AP reported.

Read more of DTN’s past coverage on the West, Texas, fertilizer explosion at http://tinyurl.com/…

Only one of the eight major fertilizers is double digits higher in price compared to April/May of 2014, all while commodity prices are significantly lower from a year ago. 10-34-0 remains 22% higher compared to last year.

Two other fertilizers are slightly more expensive compared to a year earlier. Potash is 3% more expensive while anhydrous 2% more expensive compared to a year earlier.

The remaining five nutrients are now lower compared to retail prices from a year ago. Both DAP and MAP are 4% lower, UAN28 is down 7%, UAN32 is now 8% less expensive and urea is 19% less expensive from a year earlier.

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 November 2008 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
Apr 28-May 2 2014 597 625 477 560
May 26-30 2014 595 631 480 551
June 23-27 2014 594 629 483 535
July 21-25 2014 585 618 483 527
Aug 18-22 2014 586 607 476 516
Sept 15-19 2014 580 598 475 510
Oct 13-17 2014 583 599 477 508
Nov 10-14 2014 579 598 480 498
Dec 8-12 2014 570 591 481 483
Jan 5-9 2015 566 594 485 464
Feb 2-6 2015 569 597 488 473
Mar 2-6 2015 570 597 489 471
Mar 30-Apr 3 2015 569 598 491 462
Apr 27-May 1 2015 571 598 492 455
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 28-May 2 2014 536 695 356 403
May 26-30 2014 559 702 356 407
June 23-27 2014 562 701 354 402
July 21-25 2014 562 683 345 394
Aug 18-22 2014 556 699 333 378
Sept 15-19 2014 554 693 329 377
Oct 13-17 2014 557 696 329 372
Nov 10-14 2014 559 720 336 368
Dec 8-12 2014 571 709 323 368
Jan 5-9 2015 577 707 323 364
Feb 2-6 2015 589 707 329 369
Mar 2-6 2015 626 706 331 371
Mar 30-Apr 3 2015 642 708 333 370
Apr 27-May 1 2015 652 711 332 371

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

(AG)