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DTN Retail Fertilizer Trends
Thursday, November 16, 2017 1:20PM CST
By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) -- Average fertilizer prices were a mixed bag the second week of November 2017 with the majority moving higher and a couple moving lower, according to retailers surveyed by DTN.

Six of the eight major fertilizers were higher compared to last month, with only two up a significant amount. UAN32 was 7% higher compared to the previous month with an average price of $272 per ton. UAN28 was 5% higher from last month and was at $216/ton.

The remaining four fertilizers were just slightly higher in price. DAP had an average price of $434/ton, MAP $459/ton, urea $338/ton and anhydrous $409/ton.

Two fertilizers were lower in price compared to a month earlier -- one by a considerable amount; 10-34-0 was down 13% from last month with an average price of $355/ton. Potash was just slightly lower with an average price of $341/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.37/lb.N, anhydrous $0.25/lb.N, UAN28 $0.39/lb.N and UAN32 $0.42/lb.N.

Fertilizer manufacturer Mosaic Company will stop production at a Florida plant in an effort to jumpstart stalled sales, according to a recent Wall Street Journal article.

The company recently announced it will idle its Plant City, Florida, concentrates plant for at least a year. Mosaic's Saudi Arabian phosphate-production joint venture is expected to help ensure there are not market disruptions from the move, the company said.

"Mosaic is taking proactive steps to accelerate business performance," said Chief Executive Joc O'Rourke in prepared remarks. "While these decisions are difficult and have impacts on our employees, today's actions put Mosaic in a strong position to benefit as market dynamics improve."

Five fertilizers are now higher compared to last year. DAP is 1% higher, MAP is 2% more expensive, urea is 5% higher, UAN32 is 6% more expensive and potash is now 9% more expensive.

The remaining three fertilizers are lower compared to a year prior. UAN28 is 1% less expensive while anhydrous is 13% lower and 10-34-0 is 21% less expensive.

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.

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

DRY
Date Range DAP MAP POTASH UREA
Nov 7-11 2016 429 449 314 323
Dec 5-9 2016 434 443 318 333
Jan 2-6 2017 431 442 322 339
Jan 30-Feb 3 2017 430 448 329 353
Feb 27-Mar 03 2017 436 458 335 361
Mar 27-31 2017 438 465 338 356
Apr 24-28 2017 437 466 338 352
May 22-26 2017 436 471 340 343
Jun 19-23 2017 436 470 340 333
Jul 17-21 2017 435 464 339 309
Aug 14-18 2017 434 460 338 305
Sep 11-15 2017 431 456 336 310
Oct 9-13 2017 432 453 347 325
Nov 6-10 2017 434 459 341 338
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Nov 7-11 2016 447 468 217 256
Dec 5-9 2016 445 463 219 257
Jan 2-6 2017 436 465 218 255
Jan 30-Feb 3 2017 439 482 236 270
Feb 27-Mar 03 2017 440 502 246 279
Mar 27-31 2017 441 508 248 279
Apr 24-28 2017 437 509 247 280
May 22-26 2017 436 503 249 280
Jun 19-23 2017 435 497 243 273
Jul 17-21 2017 425 425 229 265
Aug 14-18 2017 419 419 216 251
Sep 11-15 2017 416 412 210 248
Oct 9-13 2017 413 397 206 253
Nov 6-10 2017 355 409 216 272

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

Follow Russ Quinn on Twitter @RussQuinnDTN

(AG/CZ)


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