DTN Retail Fertilizer Trends
Russ Quinn 11/14 6:26 AM
OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first week of November show the continued trend of higher prices.
Anhydrous prices increased 6%, the most significant price move this week. The nitrogen fertilizer had an average price of $517/ton, up $29 per ton from the same time last month. It's $108/ton higher than last year.
The seven remaining fertilizers were also higher, although less significantly.
Urea prices increased $14/ton from last month to $407/ton.
Both UAN28 and UAN32 prices gained $7/ton to $245/ton and $287/ton respectively.
The prices of MAP and 10-34-0 each rose $6/ton. MAP was $529/ton, while 10-34-0 was $458/ton.
At $506/ton, DAP prices increased $5/ton.
Retail potash prices, up $3/ton from last month, were $368/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.32/lb.N, UAN28 $0.44/lb.N and UAN32 $0.45/lb.N.
All eight of the major fertilizers are now higher compared to last year with prices showing significant gains in recent months. UAN32 is 6% higher; potash is 8% more expensive; both 10-34-0 and UAN28 are 14% higher; MAP is 15% more expensive; DAP is 17% higher; urea is 20% more expensive and anhydrous is now 27% 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.
Russ Quinn can be reached at email@example.com
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