DTN Retail Fertilizer Trends
Prices of All
Fertilizers Continue Higher
4/7/2021 | 10:08 AM CDT
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By Russ
Quinn DTN
Staff Reporter
Connect with Russ:
@RussQuinnDTN
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The average
retail price of anhydrous was up 22% the last week of March 2021
compared to last month and had an average price of $685 per ton. (DTN
chart)
OMAHA (DTN) -- Retail fertilizer prices continued to rise the last
week of March 2021, according to sellers surveyed by DTN. But for the
first time in many weeks, some fertilizers moved just slightly higher
instead of considerably higher.
While all eight of the major fertilizer were again higher, only five
fertilizers moved significantly higher, which DTN designates as 5% or
more.
Continuing to lead the way to the high side was UAN28, which was again
up 34% from last month and had an average price of $340 per ton. UAN32
was 24% more expensive compared to the prior month and had an average
price of $377/ton.
Anhydrous was up 22% compared to last month and had an average price
of $685/ton; 10-34-0 was 7% higher compared to the prior month and had
average price of $599/ton.
Urea was 6% more expensive than the prior month and had an average
price of $502/ton. Urea was above the $500/ton level for the first
time since the first week of November 2014 when the price was at
$500/ton.
The remaining three fertilizers were higher again, but these
fertilizers saw just slight price increases.
MAP had an average price of $697/ton, potash at $429/ton and DAP
$618/ton.
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On a price per pound of nitrogen basis, the
average urea price was at $0.55/lb.N, anhydrous $0.42/lb.N, UAN28
$0.61/lb.N and UAN32 $0.59/lb.N.
Higher retail fertilizer prices are naturally on farmers' mind right
now and rightful so. In a Minnesota Crop News article from March 30
titled "Why Corn Growers Shouldn't Overreact to Rising Nitrogen
Fertilizer Prices," author and Extension educator Brad Carlson wrote
that these prices have growers wondering if they should adjust their
nitrogen fertility plan for the 2021 growing season.
Carlson believes the short answer is -- probably not. He points to the
Maximum Return to Nitrogen (MRTN) method of figuring the appropriate N
rates for corn. The price ratio of the MRTN is a simple calculation of
the current cost of N fertilizer (per pound) divided by the price of
corn.
If, for example, N is $0.25 per pound and
corn is $2.50 per bushel (bu), the price ratio is 0.10. If the price
of N is $0.25 and corn is $5, the price ratio is 0.05.
"If the price of N is $0.50/lbs. and corn is $5/bu, the price ratio is
0.10, meaning the rate suggestions are the same as they were at
$0.25/lbs. of N and the corn price of $2.50/bu.," Carlson wrote.
It is important to put the current situation in context with what has
happened in the past, considering the rapid increase in fertilizer
price. A closer look reveals the current ration of N price to corn
price is in line with the historical relationship, he said.
If growers are following the guidelines for the 0.10 price ratio,
there is little justification for modifying N rates due to the recent
spike in retail fertilizer prices. Carlson did add if someone was
applying a significantly higher N rate than the MRTN, this would be a
good time to dial back the N application and save some money this
growing season.
The entire article can be viewed at
https://blog-crop-news.extension.umn.edu/….
With retail fertilizer prices moving higher over recent months, all
fertilizers are now higher in price from a year ago.
Potash is now 16% more expensive, 10-34-0 is 28% higher, urea is 31%
more expensive, UAN32 36% higher, anhydrous is 39% more expensive,
UAN28 is 44% higher, DAP is 52% more expensive and MAP 61% is higher
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
Mar 30-Apr 3 2020 408 432 370 383
Apr 27-May 1 2020 413 433 370 386
May 25-29 2020 410 434 365 377
Jun 22-26 2020 404 429 363 359
Jul 20-24, 2020 407 428 360 358
Aug 17-21 2020 427 434 353 356
Sep 14-18 2020 434 448 344 360
Oct 12-16 2020 445 475 332 359
Nov 9-13 2020 454 486 333 358
Dec 7-11 2020 456 510 348 361
Jan 4-8 2021 482 543 369 368
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
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 30-Apr 3 2020 467 492 235 278
Apr 27-May 1 2020 468 492 237 279
May 25-29 2020 468 478 236 279
Jun 22-26 2020 468 463 233 273
Jul 20-24, 2020 466 460 225 263
Aug 17-21 2020 465 445 220 259
Sep 14-18 2020 455 431 219 253
Oct 12-16 2020 457 424 209 249
Nov 9-13 2020 455 422 208 248
Dec 7-11 2020 464 429 210 252
Jan 4-8 2021 464 470 209 251
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
Russ Quinn can be reached at russ.quinn@dtn.com
Follow him on Twitter @RussQuinnDTN
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Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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