DTN Fertilizer Trends: 5 of 8 Drop Slightly

    Most retail fertilizer prices tracked by DTN cooled off a bit during the first week in February, as five of the eight fertilizers reported small price drops.

    The price of 10-34-0 was the only fertilizer tracked by DTN to record a price increase compared to one week ago, rising by about 1% to $826 per ton. The fertilizer hit the $800-per-ton level for the first since March 2012 two weeks ago.

    Coming off an all-time record-high price, anhydrous dropped from $1,492 to $1,487 per ton in this week’s update.

    Four other fertilizers reporting small price drops were led by urea, falling from $910/ton last week to $905 for this update; MAP from $936/ton to $933; potash from $814/ton to $813; and UAN28 from $601/ton to $600. UAN32 was the only fertilizer tracked by DTN to remain unchanged at $699/ton.

    On a price per pound of nitrogen basis, the average urea price was at $0.98/lb.N, anhydrous $0.91/lb.N, UAN28 $1.07/lb.N and UAN32 $1.09/lb.N.

    The Associated Press reported on Monday that many residents near the Winston Weaver Co. fertilizer plant fire in Winston-Salem, North Carolina, have been allowed to return home.

    The AP said weekend rains helped to largely dowse the fire that broke out on Jan. 31, reducing the risk of explosion from an estimated 600 tons of ammonium nitrate stored on-site.

    Currently, ammonium nitrate is not subject to the federal risk management plan rule, which is intended to prevent chemical disasters.

    The Biden administration is continuing a review of RMP rules. Last summer, the EPA held public comment listening sessions.

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    The U.S. Chemical Safety and Hazard Investigation Board called for stronger regulation of ammonium nitrate, here. A preliminary report it issued after the 2013 West Fertilizer Co. AN explosion in West, Texas, said the fertilizer industry had taken steps to eliminate the risk of accidental explosion of ammonium nitrate.

    The West explosion killed 15 first-responders and severely damaged the town, here.

    Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly, with several fertilizers having well-over 100% price increases.

    MAP is now 55% more expensive, 10-34-0 is 65% higher, DAP is 58% more expensive, potash is 109% higher, urea is 111% more expensive, UAN32 is 157% higher, UAN28 151% is more expensive and anhydrous is 193% higher compared to last year.

    DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here.

    DRY
    Date Range DAP MAP POTASH UREA
    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
    Jun 21-25 2021 670 720 469 541
    Jul 19-23 2021 695 750 543 553
    Aug 16-20 2021 695 755 564 556
    Sep 13-17 2021 702 776 598 572
    Oct 11-15 2021 798 860 710 719
    Nov 8-12 2021 821 906 762 832
    Dec 6-10 2021 840 919 778 887
    Jan 3-7 2022 863 931 807 913
    Jan 31-Feb 4 2022 877 933 813 905
    LIQUID
    Date Range 10-34-0 ANHYD UAN28 UAN32
    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
    Jun 21-25 2021 625 724 366 420
    Jul 19-23 2021 632 736 365 419
    Aug 16-20 2021 631 743 369 420
    Sep 13-17 2021 632 762 381 428
    Oct 11-15 2021 654 873 442 488
    Nov 8-12 2021 719 1162 566 614
    Dec 6-10 2021 756 1372 577 661
    Jan 3-7 2022 795 1430 584 679
    Jan 31-Feb 4 2022 826 1487 600 699

    Todd Neeley can be reached at todd.neeley@dtn.com

    Follow him on Twitter @DTNeeley

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