DTN Retail Fertilizer Trends

OMAHA (DTN) — Average retail fertilizer prices were mixed the third week of November 2020, continuing a trend that has lasted for several months, according to retailers surveyed by DTN.

Prices for five fertilizers were slightly lower compared to the previous month, though none was down a significant amount, which DTN designates as 5% or more. Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton.

The remaining three fertilizers were slightly higher in price from last month. DAP had an average price of $455/ton, MAP $488/ton and potash $336/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N.

The University of Minnesota Extension made changes to their corn fertilizer guidelines this spring and those alterations were reviewed in a recent Minnesota Crop News blog post titled “Highlights From Minnesota’s Updated Corn Fertilizer Guidelines.” Dan Kaiser, University of Minnesota Extension nutrient management specialist, authored the report.

Kaiser wrote that the new guidelines use the maximum return to nitrogen (MRTN) approach, which can be updated yearly. Minnesota Extension will be looking to add new data to the calculator following the 2020 growing season, Kaiser wrote.

The only change made to the phosphorus guidelines was the inclusion of a recommended strategy for use in a build-and-maintain approach. This approach aims to reduce the risk of soil test values increasing to a point where P loss increases.

“We recommend that you use a soil test range near the optimal soil test category and use a low-input, starter approach when soils are above critical soil test levels if phosphorus is going to be applied,” Kaiser wrote.

Potash changes were previously made to the corn K guidelines, which adjusted the soil test ranges for the current guidelines. The corn sulfur guidelines were further updated to reflect situations in poorly drained soils where responses have been more common.

As for micronutrients, Kaiser wrote that zinc is still the micronutrient that is most likely to be deficient for corn production. University research has looked at other micronutrients like boron but have not found widespread deficiencies.

“One thing I stress to many growers is to not neglect N, P, K or S in lieu of micronutrients,” he wrote. “Shorting the crop on macronutrients can have a greater impact on yield than micronutrients.”

To read the entire University of Minnesota report, click on the following link: https://blog-crop-news.extension.umn.edu/….

Retail fertilizer prices continue to be mostly lower in price from a year ago, but there now is one exception. MAP is 5% higher compared to last year with its recent surge to the high side.

DAP is 1% lower, 10-34-0 is 4% less expensive, urea is 8% lower, both potash and UAN32 are 12% less expensive, anhydrous is 15% lower and UAN28 are 16% less expensive than last year at this time.

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 2010 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.

Nov 18-22 2019456466381387
Dec 16-20 2019444460378377
Jan 13-17 2020433444375357
Feb 10-14 2020413435373361
Mar 9-13 2020407432370377
Apr 6-10 2020409434370382
May 4-8 2020413433370388
Jun 1-5 2020407431364373
Jun 29-Jul 3 2020406427361357
Jul 27-31 2020410429358355
Aug 24-28 2020430435352355
Sep 21-25 2020434453338361
Oct 19-23 2020446476332359
Nov 16-20 2020455488336358
Date Range10-34-0ANHYDUAN28UAN32
Nov 18-22 2019472496245284
Dec 16-20 2019469487239276
Jan 13-17 2020470487237275
Feb 10-14 2020464490235277
Mar 9-13 2020466490235278
Apr 6-10 2020468492235278
May 4-8 2020468492237280
Jun 1-5 2020468475236276
Jun 29-Jul 3 2020468461233272
Jul 27-31 2020465454223262
Aug 24-28 2020464442219258
Sep 21-25 2020457425215253
Oct 19-23 2020456424209249
Nov 16-20 2020455422207249

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

Follow him on Twitter @RussQuinnDTN