Printable Page US Ag News   Return to Menu - Page 1 2 3 4 5 6
 
 
DTN Retail Fertilizer Trends  08/21 15:02

   Prices for All Fertilizers Move Lower for First Time in Almost Two Years

   Average retail prices for all eight major fertilizers moved lower the second 
week of August 2019, marking the first time in almost two years that all prices 
have declined at the same time.

By Russ Quinn
DTN Staff Reporter

   OMAHA (DTN) -- Large decreases in average retail fertilizer prices were seen 
the second week of August 2019, according to retailers surveyed by DTN. This 
marks the first time in a couple of years that prices have declined in unison.

   Prices for all eight of the major fertilizer were lower from the prior month 
with half down by a considerable amount.

   Leading the way lower were anhydrous and UAN32, which both were down 7% from 
last month. Anhydrous had an average price of $543 per ton while UAN32 had a 
price of $295 per ton.

   Prices for both MAP and UAN28 were also significantly lower, down 6% from 
the previous month. The phosphorus fertilizer (MAP) had an average price of 
$503 per ton and UAN28 was at $258 per ton.

   Prices for the remaining four fertilizers were down from last month, but not 
by a significant amount. DAP had an average price of $493/ton, potash $387/ton, 
urea $413/ton and 10-34-0 $475/ton

   On a price per pound of nitrogen basis, the average urea price was at 
$0.45/lb.N, anhydrous $0.33/lb.N, UAN28 $0.46/lb.N and UAN32 $0.46/lb.N.

   Digging through the DTN/Progressive Farmer retail fertilizer price data 
shows it has been awhile since prices for all fertilizers have moved lower in 
the same week. You have to go all the way back to the second week of September 
2017 -- almost two full years -- to find a week in which prices for all eight 
fertilizer were lower. 

   Each week, I write down how many fertilizers are lower and higher in price, 
and it took me seven steno note pads to find this information.

   Looking at this time frame, during the entire months of August and September 
2017, a majority of retail fertilizer prices were lower, according to the data. 
This represents the last major move lower in the retail fertilizer market.

   Prices for a couple fertilizers have either moved or could move into 
interesting territory soon if this price trend continues. 

   UAN32's price, for example, was at $295 per ton last week, the first time 
the fertilizer's price has been under $300 per ton since the first week of 
December 2018 when the price was at $293 per ton.

   The price of MAP last week was at $503 per ton. If it drops below $500 per 
ton, it would be the first time since the fourth week of February 2018 when the 
price was at $497 per ton.

   Retailers have told me quite often over the last couple of years that retail 
fertilizer prices never "reset" themselves, which was why prices were higher. 
Previously, the normal pattern was for retail fertilizer prices to move higher 
in the fall and spring due to increased demand and then decline in the summer 
and winter with lower demand. However, prices haven't followed this pattern for 
the last several years for some reason.

   Now, for the first time in almost two full years, it appears retail 
fertilizer prices are seeing a uniform price decline. In a world full of 
negative agricultural news, this might be one piece of good news for crop 
producers if prices continue to decrease.   

   With prices significantly lower this week, one fertilizer's price is now 
lower than it was a year ago. MAP is now 1% less expensive from last year at 
this time.

   Seven of the eight major fertilizers continue to be higher compared to last 
year. DAP is 1% higher, 10-34-0 is 7% more expensive, both potash and UAN32 are 
now 9% higher, UAN28 is 11% more expensive, anhydrous is 13% higher and urea is 
14% 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
Aug 13-17 2018                              487       508         356       363
Sep 10-14 2018                              491       518         362       380
Oct 8-12 2018                               501       523         365       393
Nov 5-9 2018                                506       529         368       407
Dec 3-7 2018                                501       529         369       410
Dec 31-Jan 4 2019                           508       533         381       407
Jan 28-Feb 1 2019                           513       536         384       407
Feb 25-Mar 01 2019                          511       535         386       404
Mar 25-29 2019                              509       534         385       401
Apr 22-26 2019                              497       530         388       408
May 20-24 2019                              497       527         392       428
Jun 17-21 2019                              496       532         392       435
Jul 15-19, 2019                             497       532         392       430
Aug 12-16 2019                              493       503         387       413
                                    LIQUID
Date Range                              10-34-0     ANHYD       UAN28     UAN32
Aug 13-17 2018                              446       481         233       271
Sep 10-14 2018                              449       487         238       278
Oct 8-12 2018                               452       488         238       280
Nov 5-9 2018                                458       517         245       287
Dec 3-7 2018                                457       524         249       293
Dec 31-Jan 4 2019                           460       571         267       304
Jan 28-Feb 1 2019                           468       585         271       313
Feb 25-Mar 01 2019                          470       596         270       318
Mar 25-29 2019                              470       597         269       318
Apr 22-26 2019                              483       594         268       315
May 20-24 2019                              487       595         270       314
Jun 17-21 2019                              487       589         270       318
Jul 15-19, 2019                             485       585         275       317
Aug 12-16 2019                              475       543         258       295

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

   Follow him on Twitter @RussQuinnDTN

    


(AG/CZ)

Copyright 2019 DTN/The Progressive Farmer. All rights reserved.

Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN