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- DTN Headline News
DTN Retail Fertilizer Trends
Tuesday, February 9, 2016 11:46AM CST

By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) -- Fertilizer prices continue to slowly decline in price, according to retailers tracked by DTN for the first week of February 2016.

All eight major fertilizer prices slipped lower compared to a month earlier, with only one down any significant amount. Anhydrous was down 5% compared to last month and the nitrogen fertilizer had an average price of $555/ton.

The remaining seven fertilizers were lower but just slightly. DAP averaged $488/ton, MAP $502/ton, potash $381/ton, urea $370/ton, 10-34-0 $549/ton, UAN28 $263/ton and UAN32 $305/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.40/lb.N, anhydrous $0.34/lb.N, UAN28 $0.47/lb.N and UAN32 $0.48/lb.N.

Since mid-2015, declining retail fertilizer prices have encouraged some farmers to delay fertilizer purchases.

Chris Bowman, who farms near DeWitt, Iowa, said he normally would have some fertilizer locked in by this time of the year. However, with lower fertilizer prices this winter, he has chosen to wait.

"I plan on committing some tons in the next few weeks just to be sure the supply is there in time for preplant application," Bowman told DTN.

Bowman will purchase phosphorus and potash and possibly some nitrogen as urea and anhydrous.

Other farmers decided to lock in some fertilizers but not other types of nutrients. Levi Taylor, who farms near Ypsilanti, North Dakota, said he purchased his nitrogen source, urea, several months ago but hasn't committed to P needs yet.

"We locked in our urea at $350/ton right after Thanksgiving as we thought that was a good price," Taylor said. "We haven't pulled the trigger yet on MAP but at some point soon we will."

Taylor said he has been in contact with local fertilizer retailers and MAP has a local retail price of $450/ton. He doesn't apply much potash and also does not use any starter fertilizers.

Thanks to the price slide, all fertilizers are lower compared to a year earlier. All but one fertilizer is now double digits lower. The only fertilizer not down much is 10-34-0, which is down 7% versus the same time a year ago.

DAP is now 14% lower, MAP is 16% less expensive, UAN32 is 17% lower and UAN28 is 20% less expensive from a year previous. Potash, urea and anhydrous are all now 22% lower compared to a year earlier.

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 prices in the DTN Fertilizer Index on the Fertilizer page under Farm Business.

Retail fertilizer charts dating back to November 2008 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.

DTN's average of retail fertilizer prices from a month earlier ($ per ton):

DRY
Date Range DAP MAP POTASH UREA
Feb 2-6 2015 569 597 488 473
Mar 2-6 2015 570 597 489 471
Mar 30-Apr 3 2015 569 598 491 462
Apr 27-May 1 2015 571 598 492 455
May 25-29 2015 570 597 492 459
June 22-26 2015 572 597 490 469
July 20-24 2015 569 594 487 469
Aug 17-21 2015 568 587 477 448
Sept 14-18 2015 563 579 462 432
Oct 12-16 2015 547 564 440 418
Nov 9-13 2015 547 561 426 405
Dec 7-11 2015 534 555 417 397
Jan 4-8 2016 495 521 392 381
Feb 1-5 2016 488 502 381 370
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Feb 2-6 2015 589 707 329 369
Mar 2-6 2015 626 706 331 371
Mar 30-Apr 3 2015 642 708 333 370
Apr 27-May 1 2015 652 711 332 371
May 25-29 2015 650 710 332 371
June 22-26 2015 641 690 330 369
July 20-24 2015 636 689 324 354
Aug 17-21 2015 611 667 309 349
Sept 14-18 2015 593 653 300 345
Oct 12-16 2015 584 640 295 338
Nov 9-13 2015 581 631 289 332
Dec 7-11 2015 575 625 284 330
Jan 4-8 2016 572 582 273 316
Feb 1-5 2016 549 555 263 305

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

Follow him on Twitter @RussQuinnDTN

(MZT/CZ)


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