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):

DRY
Date Range DAP MAP POTASH UREA
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
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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 russ.quinn@dtn.com

(MZT/AG)