DTN Fertilizer Trends: Prices Remain Steady, Mostly Lower from Oct.

Retail fertilizer prices continued to be fairly steady the second week of November 2016, as they have been in recent weeks, according to fertilizer retailers surveyed by DTN.

Prices for six of the eight major fertilizers were lower compared to a month earlier, and none of these moves were significant. DAP had an average price of $429 per ton, MAP $449/ton, 10-34-0 $447/ton, anhydrous $468/ton, UAN28 $217/ton and UAN32 $256/ton.

Two fertilizers, however, were slightly higher in price looking back to a month prior. Potash had an average price of $314 per ton and urea was at $323/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.35/lb.N, anhydrous $0.29/lb.N, UAN28 $0.39/lb.N and UAN32 $0.40/lb.N.

Retail fertilizers are lower compared to a year earlier. All fertilizers are now double-digits lower.

Both MAP and urea are now down 20%, DAP is 22% less expensive and both 10-34-0 and UAN32 are 23% lower. UAN28 is 25% less expensive while both anhydrous and potash are 26% lower compared to a year prior.

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):

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