DTN Fertilizer Trends: Potash, DAP Keep Climbing

Dry fertilizer spreader. ©Debra L Ferguson Stock Photography

Retail fertilizer prices continue to move higher, led by two products — Potash and DAP — according to retailers contacted for the first week of July 2021.

Potash was up 9% compared to last month and had an average price of $491/ton. Potash has pushed higher in recent weeks thanks to supply issues and increasing global demand.

The other fertilizer that was significantly higher, which DTN designates as 5% or more, is DAP. The phosphorus fertilizer was 5% more expensive compared to the prior month and now has an average price of $690/ton.

The remaining six fertilizers saw just slight price increases.

The average price for urea was up 4% at $549/ton.

Four fertilizers’ prices increased 2% compared to last month. MAP had an average price of $729/ton, anhydrous $732/ton, UAN28 $371/ton and UAN32 $421/ton.

10-34-0, at $624/ton, was 1% higher.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.45/lb.N, UAN28 $0.66/lb.N and UAN32 $0.66/lb.N.

German fertilizer manufacturer Bayer hopes to help Brazilian farmers change their farming practices, so their corn and soybean crops can drain more greenhouse gas from the atmosphere. Dow Jones reported Bayer is joining forces with local entities, including the federal agency for agricultural research Embrapa, to work with Brazilian farmers.

The company said it hopes to expand its clientele in the South American agricultural powerhouse as global consumers demand more climate-friendly products. However, many challenges remain in Brazil, including the fact that carbon markets are just developing and Brazilian farmers are known for expanding their crops at the expense of native forests, which are natural carbon sinks.

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Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly.

10-34-0 is now 34% more expensive, potash is 36% higher, urea is 52% more expensive, both anhydrous and UAN28 are 59% higher, UAN32 is 55% more expensive, DAP is 70% higher and MAP is 71% more expensive 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
Jul 6-10 2020 405 427 360 360
Aug 3-7 2020 416 430 357 354
Aug 31-Sep 4 2020 431 442 348 361
Sep 28-Oct 2 2020 439 459 338 362
Oct 26-30 2020 448 477 332 358
Nov 23-27 2020 456 495 337 359
Dec 21-25 2020 474 535 365 363
Jan 18-22 2021 493 563 379 387
Feb 15-19 2021 600 648 404 457
Mar 15-19 2021 616 693 424 496
Apr 12-16 2021 624 702 432 509
May 10-14 2021 631 702 437 515
Jun 7-11 2021 656 717 450 527
Jul 5-9 2021 690 729 491 549
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 6-10 2020 467 461 233 272
Aug 3-7 2020 465 455 222 262
Aug 31-Sep 4 2020 459 436 216 254
Sep 28-Oct 2 2020 457 424 212 250
Oct 26-30 2020 456 423 209 249
Nov 23-27 2020 457 424 210 249
Dec 21-25 2020 463 461 210 250
Jan 18-22 2021 481 482 215 251
Feb 15-19 2021 522 530 245 288
Mar 15-19 2021 596 671 331 373
Apr 12-16 2021 609 700 345 387
May 10-14 2021 620 713 361 406
Jun 7-11 2021 620 718 363 414
Jul 5-9 2021 624 732 371 421

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

Follow him on Twitter @RussQuinnDTN

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