DTN Retail Fertilizer Trends

By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) — Fertilizer prices continue to move little this spring, according to retailers surveyed by DTN for the second week of May 2015. No fertilizer was significantly lower or higher in price compared to a month earlier.

Five of the eight major fertilizers edged higher in price compared to a month prior, but these moves were fairly small. Potash had an average price of $491 per ton, urea $457/ton, 10-34-0 $653/ton, anhydrous $711/ton and UAN32 $371/ton.

Two fertilizers slipped lower compared to the previous month, but again the move down was fairly minor. MAP had an average price of $598/ton and UAN28 $331/ton.

One fertilizer was unchanged from a month earlier. DAP had an average price of $570/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.50/lb.N, anhydrous $0.43/lb.N, UAN28 $0.59/lb.N and UAN32 $0.58/lb.N.

Only one of the eight major fertilizers tracked by DTN is double digits higher in price compared to May 2014, all while commodity prices are significantly lower from a year ago. 10-34-0 remains 18% higher compared to last year.

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

The remaining five nutrients are now lower compared to retail prices from a year ago. DAP is 4% less expensive, MAP is 5% lower, UAN28 is down 7%, UAN32 is now 9% less expensive and urea is 18% 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
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
Feb 16-20 2015 568 597 495 472
Mar 16-20 2015 570 597 490 470
Apr 13-17 2015 570 598 491 453
May 11-15 2015 570 598 491 457
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Feb 16-20 2015 593 706 330 370
Mar 16-20 2015 614 705 332 368
Apr 13-17 2015 649 711 332 370
May 11-15 2015 653 711 331 371

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

(MZT/AG)