Home |  Weather |  Cattle News |  Livestock |  US Ag News |  Market News |  Markets Page |  Cotton News |  Headline News |  DTN Ag Headlines |  Portfolio |  Charts 
- DTN Headline News
DTN Retail Fertilizer Trends
By Russ Quinn
Thursday, May 28, 2020 12:23PM CDT

OMAHA (DTN) -- Retail fertilizer prices continued to float between slightly higher and slightly lower than last month during the third week of May 2020, according to retailers surveyed by DTN.

This marks the seventh consecutive week prices have not moved a significant amount, which DTN designates as 5% in either direction.

Once again, five fertilizers were higher in price compared to last month, but the gains were contained to a $1-$2 range. MAP had an average price of $434 per ton, urea $387/ton, 10-34-0 $469/ton, UAN28 $237/ton and UAN32 $280/ton.

The remaining three fertilizers had a slightly lower price. DAP had an average price of $409/ton, down $1; potash $367/ton, down $3; and anhydrous $490/ton, down $2.

On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.

In article from May 18 titled "Managing Fertilizer Costs in Times of Economic Uncertainty" by Alabama Cooperative Extension System (ACES), author Audrey Gamble said crop producers need to manage inputs efficiently. She listed six main areas to focus on during indeterminate times.

The first is to use research-based soil test recommendations. Decades of research has been done to correlate soil-extractable nutrients with increase in yield to develop fertilizer recommendations for Alabama crops, she wrote.

Another area is to use soil sampling strategies to account for field variability.

Gamble wrote that farmers also need to be realistic about their yield goals. Nitrogen recommendations for corn, for instance, will vary according to the anticipated yield.

"The most profitable fertilizer rate was not necessarily the rate at which the yield was maximized," Gamble wrote. "Be realistic about yield potential in a given field to determine fertilizer rates and maximize economic potential."

Producers also should compare nutrient rates in fertilizer products. While this is obvious for macronutrients, the price per unit of nutrient is often overlooked for less frequently applied nutrients, such as calcium and boron.

Other recommendations include making soil pH a priority and implementing a plant tissue sampling program to ensure adequate nutrients are present for crop growth.

To read the entire ACES report, click on the following link: https://www.aces.edu/….

Retail fertilizers are all lower in price from a year ago. MAP, DAP and anhydrous are all 18% less expensive, UAN28 is 12% lower, UAN32 is 11% less expensive, urea is 10% lower, potash is 6% lower and 10-34-0 is 4% less expensive from last year at this time.

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 RangeDAPMAPPOTASHUREA
May 20-24 2019497527392428
Jun 17-21 2019496532392435
Jul 15-19, 2019497532392430
Aug 12-16 2019493503387413
Sep 9-13 2019486482385407
Oct 7-11, 2019472473383403
Nov 4-8 2019462471384396
Dec 2-6 2019445463379381
Dec 30-Jan 3 2020438446376363
Jan 27-31 2020414435373359
Feb 24-28 2020409434371366
Mar 23-27 2020409434370382
Apr 20-24 2020410433370385
May 18-22 2020409434367387
LIQUID
Date Range10-34-0ANHYDUAN28UAN32
May 20-24 2019487595270314
Jun 17-21 2019487589270318
Jul 15-19, 2019485585275317
Aug 12-16 2019475543258295
Sep 9-13 2019471516253289
Oct 7-11, 2019470509253289
Nov 4-8 2019473499249289
Dec 2-6 2019470490242276
Dec 30-Jan 3 2020470487238273
Jan 27-31 2020467488237275
Feb 24-28 2020466490235277
Mar 23-27 2020466491235278
Apr 20-24 2020468492236279
May 18-22 2020469490237280

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

Follow him on Twitter @RussQuinnDTN


blog iconDTN Blogs & Forums
DTN Market Matters Blog
Editorial Staff
Monday, June 1, 2020 4:53PM CDT
Friday, May 29, 2020 12:29PM CDT
Friday, May 22, 2020 11:52AM CDT
Technically Speaking
Editorial Staff
Monday, June 1, 2020 9:25AM CDT
Tuesday, May 26, 2020 12:03PM CDT
Monday, May 18, 2020 11:09AM CDT
Fundamentally Speaking
Joel Karlin
DTN Contributing Analyst
Monday, June 1, 2020 10:54AM CDT
Friday, May 29, 2020 7:02AM CDT
Wednesday, May 27, 2020 11:06AM CDT
DTN Ag Policy Blog
Chris Clayton
DTN Ag Policy Editor
Thursday, June 4, 2020 6:51AM CDT
Wednesday, June 3, 2020 7:03AM CDT
Wednesday, May 20, 2020 8:31AM CDT
Minding Ag's Business
Katie Behlinger
Farm Business Editor
Tuesday, May 19, 2020 8:02PM CDT
Thursday, March 19, 2020 12:08PM CDT
Wednesday, March 18, 2020 11:19AM CDT
DTN Ag Weather Forum
Bryce Anderson
DTN Ag Meteorologist and DTN Analyst
Thursday, June 4, 2020 8:03AM CDT
Tuesday, June 2, 2020 2:47PM CDT
Friday, May 29, 2020 3:23PM CDT
DTN Production Blog
Pam Smith
Crops Technology Editor
Tuesday, May 19, 2020 3:35PM CDT
Friday, May 15, 2020 4:49PM CDT
Friday, May 8, 2020 5:16PM CDT
Harrington's Sort & Cull
John Harrington
DTN Livestock Analyst
Wednesday, June 3, 2020 5:10PM CDT
Monday, June 1, 2020 4:08PM CDT
Monday, May 25, 2020 4:17PM CDT
South America Calling
Editorial Staff
Wednesday, April 29, 2020 4:04PM CDT
Tuesday, April 21, 2020 1:29PM CDT
Tuesday, April 14, 2020 3:41PM CDT
An Urban’s Rural View
Urban Lehner
Editor Emeritus
Monday, June 1, 2020 11:44AM CDT
Thursday, May 21, 2020 11:10AM CDT
Tuesday, May 12, 2020 10:19AM CDT
Canadian Markets
Cliff Jamieson
Canadian Grains Analyst
Thursday, June 4, 2020 4:16PM CDT
Wednesday, June 3, 2020 4:25PM CDT
Tuesday, June 2, 2020 4:29PM CDT
Editor’s Notebook
Greg D. Horstmeier
DTN Editor-in-Chief
Friday, May 22, 2020 3:51PM CDT
Friday, May 8, 2020 4:58PM CDT
Thursday, April 30, 2020 5:12PM CDT
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN