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):
|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|
|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 firstname.lastname@example.org
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