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MFA Incorporated 201 Ray Young Drive Columbia, MO 65201 573-874-5111

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- DTN Headline News
DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, July 21, 2021 10:40AM CDT

OMAHA (DTN) -- Potash continues to lead retail fertilizer prices higher, according to locations tracked by DTN for the second week of July 2021.

For the fourth week in a row, potash saw the largest month-to-month gain, increasing 10% from June to an average price of $501/ton. This marks the first time potash has had an average price above $500/ton since the fourth week of September 2013 when the fertilizer was at $500/ton.

The other fertilizer that was significantly higher, which DTN designates as 5% or more, was DAP. The phosphorus fertilizer was 5% more expensive compared to the prior month and now has an average price of $693/ton.

The average urea price was 4% higher than last month at $550/ton, while MAP gained 2% to $730/ton.

The price of the remaining four fertilizers were all higher than last month, but only by 1% or less. 10-34-0 cost $624/ton, anhydrous $725/ton, UAN28 $368/ton and UAN32 $418/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.44/lb.N, UAN28 $0.66/lb.N and UAN32 $0.65/lb.N.

Dow Jones reports fertilizer prices, specifically ammonia and DAP prices, could decline some in the next six months, according to UBS, an investment bank. While fundamentals mean prices will stay at relatively high levels compared to a year ago, the firm forecasts an average price of DAP in the second half of 2021 at $488/ton compared to $575/ton currently.

DAP has been rallying on strengthening global agriculture demand, recovering soybean and corn prices and recent U.S. countervailing duties on Moroccan and Russian imports. UBS also forecasts ammonia prices to average of $498/ton in the second half of the year versus of spot price of $585/ton.

Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly.

10-34-0 is now 34% more expensive, potash is 39% higher, urea is 53% more expensive, anhydrous is 58% higher, UAN32 is 59% more expensive, UAN28 64% higher, and both DAP and MAP are 71% more expensive 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
Jul 13-17 2020 406 428 361 359
Aug 10-14 2020 426 434 353 355
Sep 7-Sep 11, 2020 434 445 345 360
Oct 5-9 2020 441 466 335 361
Nov 2-6 2020 447 479 331 358
Nov 30-Dec 4 2020 455 499 340 359
Dec 28-Jan 1 2021 475 537 366 367
Jan 25-29 2021 500 580 379 405
Feb 22-26 2021 605 661 408 464
Mar 22-26 2021 616 696 428 499
Apr 19-23 2021 627 703 432 510
May 17-21 2021 642 708 440 521
Jun 14-18 2021 661 719 454 531
Jul 12-16 2021 693 730 501 550
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 13-17 2020 468 460 225 263
Aug 10-14 2020 465 447 221 259
Sep 7-Sep 11, 2020 459 434 216 253
Oct 5-9 2020 457 424 209 250
Nov 2-6 2020 455 423 208 248
Nov 30-Dec 4 2020 459 427 208 249
Dec 28-Jan 1 2021 464 470 209 250
Jan 25-29 2021 489 489 220 258
Feb 22-26 2021 532 544 250 296
Mar 22-26 2021 599 684 335 376
Apr 19-23 2021 612 707 348 391
May 17-21 2021 620 716 361 407
Jun 14-18 2021 621 719 365 414
Jul 12-16 2021 624 725 368 418

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

Follow him on Twitter @RussQuinnDTN


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