DTN Retail Fertilizer Trends
By Russ Quinn
DTN Staff Reporter
OMAHA (DTN) — Retail fertilizer prices continue to sleep through the volatility in commodity markets, according to retailers tracked by DTN for the third week of July 2015. As has been the case for months, no fertilizers were substantially lower or higher compared to a month earlier. DTN collects roughly 1,700 retail fertilizer bids each week.
All eight of the major fertilizers edged lower in price compared to a month prior, but these moves to the low side were minor. DAP averaged $569 per ton, MAP $594/ton, potash $487/ton, urea $469/ton, 10-34-0 $636/ton, anhydrous $689/ton, UAN28 $324/ton and UAN32 $354/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.51/lb.N, anhydrous $0.42/lb.N, UAN28 $0.58/lb.N and UAN32 $0.55/lb.N.
Only one of the eight major fertilizers runs double digits higher in price compared to July 2014, all while commodity prices are significantly lower than a year ago. 10-34-0 is still 13% higher compared to last year.
Two fertilizers are slightly more expensive compared to a year earlier. Both anhydrous and potash are running 1% higher compared to last year.
The remaining five nutrients are now lower compared to retail prices from a year ago. DAP is 3% lower, MAP is 4% less, UAN28 is down 6%, UAN32 is 10% less and urea is 11% less expensive than a year earlier.
DTN collects fertilizer bids from 310 retailer locations nationwide weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to November 2008 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
DTN’s average of retail fertilizer prices from a month earlier ($ per ton):
|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|
|May 25-29 2015||570||597||492||459|
|June 22-26 2015||572||597||490||469|
|July 20-24 2015||569||594||487||469|
|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|
|May 25-29 2015||650||710||332||371|
|June 22-26 2015||641||690||330||369|
|July 20-24 2015||636||689||324||354|
Russ Quinn can be reached at firstname.lastname@example.org
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