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DTN Retail Fertilizer Trends
Russ Quinn 6/21 1:28 PM

OMAHA (DTN) -- Retail fertilizer prices continued to hold fairly steady the second week of June 2017, according to fertilizer retailers surveyed by DTN. For several weeks in a row now, prices for all fertilizers have seen only minor moves in either direction.

Of the eight major fertilizers, prices for all but one were slightly lower compared to a month prior. Those were DAP with an average price of $437 price ton, MAP $470/ton, urea $338/ton, 10-34-0 $435, anhydrous $500/ton, UAN28 $246/ton and UAN32 $278/ton.

The remaining fertilizer, potash, was just slightly higher compared to the previous month. Potash had 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 $0.31/lb.N, UAN28 $0.44/lb.N and UAN32 $0.43/lb.N.

In the last several columns, we have taken a closer look at sidedressing nitrogen on corn, a practice occurring right now across the Corn Belt. Farmers have different thoughts on the increasingly popular practice to get nitrogen applied when young corn plants need the nutrients the most.

Concordia, Kansas, farmer Karl Jacobsen choses to sidedress his irrigated corn acres but not his dryland corn. He applies roughly half up front on his irrigated acres and then comes back and sidedresses the other half with anhydrous on his north-central Kansas farm.

Jacobsen applies 100 pounds of nitrogen up front and then comes back and sidedresses his irrigated acres. On his dryland corn, he applies a certain amount of nitrogen up front and then plants the crop, he said.

"I have a yield goal and I fertilizer for that," Jacobsen said. "I tend to concentrate on my best-soil farms and the irrigated ones because I always get something on those acres."

In addition, he also utilizes a crop scout who gives him various crop-related recommendations. Jacobsen watches his own crops pretty closely, as well.

Retail fertilizers are lower compared to a year earlier. Two of the eight major fertilizers are still double digits lower.

10-34-0 is 22% lower from a year ago while anhydrous is 12% less expensive. UAN32 is 9% lower and both UAN32 and urea are down 8%. DAP is 7% less expensive and both MAP and potash are both 5% lower.

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
June 13-17 2016 469 496 359 367
July 11-15 2016 467 496 358 360
Aug 8-12 2016 453 482 344 345
Sept 5-9 2016 446 464 325 325
Oct 3-7 2016 438 451 312 315
Oct 31-Nov 4 2016 436 451 314 319
Nov 28-Dec 2 2016 435 445 318 331
Dec 26-30 2016 431 443 321 336
Jan 23-27 2017 429 443 322 347
Feb 20-24 2017 433 452 332 359
Mar 20-24 2017 438 464 338 356
Apr 17-21 2017 438 466 339 352
May 15-19 2017 437 471 340 350
Jun 12-16 2017 437 470 341 338
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
June 13-17 2016 555 566 266 305
July 11-15 2016 538 547 266 306
Aug 8-12 2016 528 522 249 299
Sept 5-9 2016 478 502 228 274
Oct 3-7 2016 454 472 224 263
Oct 31-Nov 4 2016 452 471 244 262
Nov 28-Dec 2 2016 447 465 217 256
Dec 26-30 2016 437 466 217 254
Jan 23-27 2017 436 480 235 268
Feb 20-24 2017 440 490 241 276
Mar 20-24 2017 441 507 248 280
Apr 17-21 2017 437 509 247 280
May 15-19 2017 436 510 248 283
Jun 12-16 2017 435 500 246 278

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

Follow Russ Quinn on Twitter @RussQuinnDTN

(AG/BAS)

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