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DTN Fertilizer: 4 of the Majors are Double-Digit Lower than 1 Year Ago – DTN

Ernst Undesser
By Russ Quinn, DTN Staff Reporter June 15, 2017

DTN Fertilizer: 4 of the Majors are Double-Digit Lower than 1 Year Ago – DTN

Dry fertilizer spreader. ©Debra L Ferguson Stock Photography

Average retail fertilizer prices continued to see little movement the first week of June 2017, according to fertilizer retailers surveyed by DTN.

 

 

Of the eight major fertilizers, half were slightly higher in price compared to a month prior. These were DAP, MAP, potash and UAN28. DAP had an average price of $438 per ton, MAP $469/ton, potash $339/ton and UAN28 $246/ton.

The remaining four fertilizers were slightly lower in price from last month. Urea had an average price of $338/ton, 10-34-0 $435/ton, anhydrous $503/ton and UAN32 $278/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.37/lb.N, anhydrous $0.31/lb.N, UAN28 $0.44/lb.N and UAN32 $0.44/lb.N.

In the last two columns, we took a closer look at nitrogen sidedressing to corn, a practice happening right now across the Corn Belt. Farmers have different thoughts on the increasingly popular practice to get nitrogen applied when young corn plants need the nutrients the most.

Don Batie, who farms near Lexington, Nebraska, said he hopes to be done sidedressing by midweek this week on his gravity-irrigated corn. A practice his father did 50 years ago with anhydrous on their central Nebraska farm, he now does with liquid nitrogen and has for about 20 years.

“Corn nitrogen needs peak in late June and July,” Batie said. “I like to apply as close as possible to need.”

Batie will start side dressing when the corn is at the third leaf stage. He will also have to cultivate once or twice as well, he said.

In addition to sidedressing, Batie will also apply nitrogen for corn through his center pivot irrigation systems. His strategy for applying through the pivot is to apply two or three shots during the growing season, depending on how much is needed.

“This year, I plan on one application next week and one the first week of July unless it’s raining,” he said. “I’ll only put on 0.50 inch of water in the first shot because the subsoil isn’t dry, just the top.”

Retail fertilizers are lower compared to a year earlier. Half of the eight major fertilizers are still double-digits lower.

10-34-0 is 22% lower from a year ago, anhydrous is 13% less expensive, UAN32 is 11% lower and urea is down 10%. DAP is 8% less expensive, UAN28 is 7% lower and both MAP and potash are 6% less expensive.

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.

DTN’s average of retail fertilizer prices from a month earlier ($ per ton):

DRY
Date Range DAP MAP POTASH UREA
June 6-10 2016 470 498 359 370
July 4-8 2016 469 496 359 361
Aug 1-5 2016 459 488 346 349
Aug 29-Sept 2 2016 449 464 327 326
Sept 26-30 2016 440 458 317 322
Oct 24-28 2016 436 451 313 317
Nov 21-25 2016 436 445 316 328
Dec 19-23 2016 432 437 321 336
Jan 16-20 2017 430 443 324 346
Feb 13-17 2017 432 450 332 357
Mar 13-17 2017 443 462 337 360
Apr 10-13 2017 437 466 338 353
May 8-12 2017 437 466 340 351
Jun 5-9 2017 438 469 339 338
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
June 6-10 2016 556 569 267 310
July 4-8 2016 546 554 261 304
Aug 1-5 2016 548 552 254 307
Aug 29-Sept 2 2016 493 509 233 275
Sept 26-30 2016 465 486 223 271
Oct 24-28 2016 452 472 224 262
Nov 21-25 2016 445 465 218 256
Dec 19-23 2016 442 468 217 255
Jan 16-20 2017 437 478 235 267
Feb 13-17 2017 440 491 240 276
Mar 13-17 2017 441 507 247 280
Apr 10-13 2017 441 505 247 280
May 8-12 2017 437 508 247 280
Jun 5-9 2017 435 503 246 278

Russ Quinn can be reached at russ.quinn@dtn.com
Follow Russ Quinn on Twitter @RussQuinnDTN

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Ernst Undesser
By Russ Quinn, DTN Staff Reporter June 15, 2017