DTN Retail Fertilizer Trends
By Russ Quinn
DTN Staff Reporter
OMAHA (DTN) — Retail fertilizer prices all moved higher, but the shift is not very significant, according to retail fertilizer prices tracked by DTN for the third week of January 2015. That repeats last week’s survey pattern.
All eight of the major fertilizers crept higher compared to a month earlier. DAP had an average price of $568 per ton, MAP $596/ton, potash $487/ton and urea $469/ton. 10-34-0 had an average price of $585/ton, anhydrous $707/ton, UAN28 $326/ton and UAN32 $367/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.51/lb.N, anhydrous $0.43/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.
Retailers report that pre-purchasing fertilizer this winter has been less common than what they normally see. While many farmers may be holding off locking in their fertilizer needs because of what they perceive as high prices, weather may also be a factor, according to Bob Spratt, a fertilizer retailer from LeRoy, Ill.
"Prepays have been slower than in the recent past for us, but that is more due to the late fall," Spratt told DTN.
As for retail prices, Spratt said prices are inching higher probably because of the uncertainty about how many acres will be planted to corn versus how many acres will go to soybeans this spring. More corn acres would probably push fertilizer prices higher while more soybean acres could cause retail prices to slide lower some.
"If we knew what March was going to be like, it would help clear that up," he said.
Half of the eight major fertilizers are now double digits higher in price compared to January 2014, all while commodity prices are significantly lower from a year ago. 10-34-0 is 18% higher, anhydrous is 15% more expensive and both MAP and DAP are now 11% more expensive. In addition, potash is 3% higher compared to a year earlier.
Three nutrients are now lower compared to retail prices from a year ago. Both UAN28 and UAN32 are now 2% less expensive and urea is 4% less expensive from a year previous.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to November 2008 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
DTN’s average of retail fertilizer prices over the past year ($ per ton):
|Jan 20-24 2014||512||537||472||489|
|Feb 10-14 2014||529||554||471||509|
|Feb 17-21 2014||537||530||472||519|
|Mar 17-21 2014||565||586||475||538|
|Apr 14-18 2014||586||617||475||552|
|May 12-16 2014||594||630||479||554|
|June 9-13 2014||594||630||482||541|
|July 7-11 2014||590||621||483||531|
|Aug 4-8 2014||589||609||474||518|
|Sept 1-5 2014||581||599||475||517|
|Sept 29-Oct 3 2014||579||599||478||514|
|Oct 27-31 2014||579||598||478||503|
|Nov 24-28 2014||576||595||480||492|
|Dec 22-26 2014||566||593||485||462|
|Jan 19-23 2015||568||596||487||469|
|Jan 20-24 2014||498||616||332||374|
|Feb 10-14 2014||505||620||338||384|
|Feb 17-21 2014||509||620||341||387|
|Mar 17-21 2014||517||630||348||392|
|Apr 14-18 2014||525||685||355||401|
|May 12-16 2014||552||699||355||406|
|June 9-13 2014||562||703||357||404|
|July 7-11 2014||561||686||348||399|
|Aug 4-8 2014||556||686||337||378|
|Sept 1-5 2014||555||683||330||377|
|Sept 29-Oct 3 2014||556||695||328||374|
|Oct 27-31 2014||558||701||327||373|
|Nov 24-28 2014||564||712||323||368|
|Dec 22-26 2014||573||706||320||362|
|Jan 19-23 2015||585||707||326||367|
Russ Quinn can be reached at firstname.lastname@example.org
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