DTN Fertilizer Trends: Slightly Higher but Limited Movement

Early season fertilizer application: Photo: University of Minnesota

Retail fertilizer prices tracked by DTN for the fourth week of May 2021 show continued slightly higher prices, a trend that has been in place over the last two weeks.

No fertilizer prices were significantly higher, which DTN designates as 5% or more.

UAN32 and DAP prices increased 4% compared to last month at $407/ton and $652/ton, respectively.

The average price of UAN28 was 3% higher than last month at $361/ton.

Urea prices gained 2%, with an average retail price of $523/ton.

Three fertilizers’ prices increased 1%. MAP was up to $709/ton, 10-34-0 had an average price of $619/ton while anhydrous was $719/ton.

Potash prices increased by less than 1% to $443/ton.

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.

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

Potash is now 21% more expensive, 10-34-0 is 32% higher, urea is 39% more expensive, UAN32 46% higher, anhydrous is 50% more expensive, UAN28 is 53% higher, DAP is 59% more expensive and MAP 64% 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 25-29 2020 410 434 365 377
Jun 22-26 2020 404 429 363 359
Jul 20-24, 2020 407 428 360 358
Aug 17-21 2020 427 434 353 356
Sep 14-18 2020 434 448 344 360
Oct 12-16 2020 445 475 332 359
Nov 9-13 2020 454 486 333 358
Dec 7-11 2020 456 510 348 361
Jan 4-8 2021 482 543 369 368
Feb 1-5 2021 554 601 389 429
Mar 1-5 2021 609 673 416 474
Mar 29-Apr 2 2021 618 697 429 502
Apr 26-30 2021 629 703 433 513
May 24-28 2021 652 709 443 523
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
May 25-29 2020 468 478 236 279
Jun 22-26 2020 468 463 233 273
Jul 20-24, 2020 466 460 225 263
Aug 17-21 2020 465 445 220 259
Sep 14-18 2020 455 431 219 253
Oct 12-16 2020 457 424 209 249
Nov 9-13 2020 455 422 208 248
Dec 7-11 2020 464 429 210 252
Jan 4-8 2021 464 470 209 251
Feb 1-5 2021 502 507 239 272
Mar 1-5 2021 560 560 254 304
Mar 29-Apr 2 2021 599 685 340 377
Apr 26-30 2021 613 710 350 391
May 24-28 2021 619 719 361 407

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

Follow him on Twitter @RussQuinnDTN

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