DTN Fertilizer Trends: Prices Continue to Inch Higher

    Corn fertilizer application. ©Debra L Ferguson Stock Photography

    Retail fertilizer prices continue to inch higher with the overall pace of gains slowing from its spring surge, according to locations tracked by DTN for the third week of May 2021.

    None of the eight fertilizers’ prices were significantly higher from last month, which DTN designates as 5% or more. The largest price increase, 4%, was seen in UAN28 and UAN32.

    DAP had an average price of $642/ton, up $15; MAP $708/ton, up $5; potash $440/ton, up $8; and urea $521/ton, up $11. 10-34-0 had an average price of $620/ton, up $8; anhydrous $716/ton, up $9; UAN28 $361/ton, up $13; and UAN32 $407/ton, up $16.

    On a price per pound of nitrogen basis, the average urea price was at $0.57/lb.N, anhydrous $0.44/lb.N, UAN28 $0.65/lb.N and UAN32 $0.64/lb.N.

    Australia-based chemical and fertilizer company Incitec Pivot Ltd. reported delays at its Waggaman ammonia plant in Louisiana will likely cost the company up to $33 million Australian dollars, the equivalent of $26 million in the U.S., according to Dow Jones.

    The plant has suffered a series of breakdowns, including the failure of vibration probe and a coupling failure on the refrigeration compressor.

    The repairs and restart of the plant could take two to three more weeks; the company estimates an additional financial hit to fiscal-year 2021 net profit of between $26 million and $33 million (Australian dollars).

    With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.

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    Potash is now 20% more expensive, 10-34-0 is 32% higher, urea is 35% more expensive, UAN32 45% higher, anhydrous is 46% more expensive, UAN28 is 53% higher, DAP is 57% more expensive and MAP 63% is higher compared to last year.

    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 18-22 2020 409 434 367 387
    Jun 15-19 2020 405 429 363 360
    Jul 13-17 2020 406 428 361 359
    Aug 10-14 2020 426 434 353 355
    Sep 7-Sep 11, 2020 434 445 345 360
    Oct 5-9 2020 441 466 335 361
    Nov 2-6 2020 447 479 331 358
    Nov 30-Dec 4 2020 455 499 340 359
    Dec 28-Jan 1 2021 475 537 366 367
    Jan 25-29 2021 500 580 379 405
    Feb 22-26 2021 605 661 408 464
    Mar 22-26 2021 616 696 428 499
    Apr 19-23 2021 627 703 432 510
    May 17-21 2021 642 708 440 521
    Liquid
    Date Range 10-34-0 ANHYD UAN28 UAN32
    May 18-22 2020 469 490 237 280
    Jun 15-19 2020 468 464 233 273
    Jul 13-17 2020 468 460 225 263
    Aug 10-14 2020 465 447 221 259
    Sep 7-Sep 11, 2020 459 434 216 253
    Oct 5-9 2020 457 424 209 250
    Nov 2-6 2020 455 423 208 248
    Nov 30-Dec 4 2020 459 427 208 249
    Dec 28-Jan 1 2021 464 470 209 250
    Jan 25-29 2021 489 489 220 258
    Feb 22-26 2021 532 544 250 296
    Mar 22-26 2021 599 684 335 376
    Apr 19-23 2021 612 707 348 391
    May 17-21 2021 620 716 361 407

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

    Follow him on Twitter @RussQuinnDTN

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