DTN Fertilizer Trends: Prices Break 10 Week Climb

Early season fertilizer application: Photo: University of Minnesota

Retail fertilizer prices dipped lower in the fourth week of May 2020, according to prices for eight major fertilizers tracked by DTN.

While no fertilizer has moved a significant amount, which DTN designates as 5% or more in either direction, a majority of fertilizers were lower for the first time in ten weeks.

Six fertilizers declined in price compared to last month with anhydrous declining $14/ton, or 3%, to $478/ton. DAP has an average price of $410/ton, down $3; potash $365/ton, down $5; urea $377/ton, down $9; UAN28 $236/ton, down $1; and UAN32 $279/ton, down less than a dollar.

The remaining two fertilizers had slightly higher prices compared to the prior month. MAP had an average price of $434/ton, up $1, and 10-34-0 was $468/ton, up less than $1.

On a price per pound of nitrogen basis, the average urea price was at $0.41/lb.N, anhydrous $0.29/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.

Retail fertilizers are all lower in price from a year ago. Anhydrous is 19% lower, both DAP and MAP are 18% less expensive, UAN28 is 13% lower, urea is 12% less expensive, UAN32 is 11% lower, potash is 7% less expensive and 10-34-0 is 4% lower from last year at this time.

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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.

DRY
Date Range DAP MAP POTASH UREA
May 27-31 2019 497 527 392 430
Jun 24-28, 2019 495 531 392 429
Jul 22-26 2019 495 531 394 430
Aug 19-23 2019 491 495 387 413
Sep 16-20 2019 480 478 384 404
Oct 14-18, 2019 465 472 382 402
Nov 11-15 2019 457 465 382 388
Dec 9-13 2019 445 463 378 380
Jan 6-10 2020 435 444 375 358
Feb 3-7 2020 413 435 373 361
Mar 2-6 2020 409 432 369 369
Mar 30-Apr 3 2020 408 432 370 383
Apr 27-May 1 2020 413 433 370 386
May 25-29 2020 410 434 365 377
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
May 27-31 2019 487 590 270 314
Jun 24-28, 2019 487 584 269 318
Jul 22-26 2019 485 582 272 320
Aug 19-23 2019 475 530 257 291
Sep 16-20 2019 471 509 254 289
Oct 14-18, 2019 471 507 253 289
Nov 11-15 2019 473 496 246 284
Dec 9-13 2019 470 489 241 276
Jan 6-10 2020 471 486 237 272
Feb 3-7 2020 464 490 235 277
Mar 2-6 2020 466 490 235 277
Mar 30-Apr 3 2020 467 492 235 278
Apr 27-May 1 2020 468 492 237 279
May 25-29 2020 468 478 236 279

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

Follow him on Twitter @RussQuinnDTN

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