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DTN Retail Fertilizer Trends
By Katie Micik Dehlinger
Wednesday, August 4, 2021 11:13AM CDT

MT. JULIET, Tenn. (DTN) -- Farmers could purchase a ton of potash for $353 last July. That same ton of fertilizer costs $549 today, according to DTN's weekly survey of fertilizer retailers for the last week of July 2021.

While the average retail cost of potash is up 15% from the same time last month, none of the seven other fertilizers tracked by DTN saw a significant increase, which DTN designates as a price change of 5% or more. The price of two other fertilizers actually fell for the second week in a row.

After potash, MAP prices increased the most, about 4% higher than last month, to $753/ton.

DAP prices climbed 3% to $695/ton.

The average price of urea was about 2% higher than last month at $554/ton.

10-34-0 and anhydrous prices each inched about 1% higher at $631/ton and $737/ton, respectively.

UAN prices showed very minor declines, with the average price of UAN28 dropping $1 from last month to $365/ton. At $419/ton, UAN32 was $2/ton lower than last month.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.45/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

The Mosaic Company, one of the world's largest potash producers, reported its quarterly revenue up 37% year-over-year to $2.8 billion as stronger pricing more than offset lower sales volumes.

"Mosaic's results for the second quarter of 2021 highlight the benefits of our transformation efforts in a strong pricing environment," Joc O'Rourke, president and CEO, said in a news release. "Underlying agricultural markets remain constructive, and this is driving demand for fertilizer. The second half of 2021 is expected to be one of our strongest periods in more than a decade."

The company said 90% of its anticipated third-quarter sales are already committed and priced, leading it to expect average realized prices of $90 to $100 per metric ton (mt) higher for phosphate products and $25 to $35 for potash. You can read the entire news release here: file:///….

Fertilizer prices at the retail level have all increased significantly from a year ago. 10-34-0 is now 36% more expensive, potash is 54% higher, urea is 56% more expensive, UAN32 is 60% higher, anhydrous is 62% more expensive, UAN28 64% higher, DAP is 69% more expensive and MAP is 75% higher compared to last year.

DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

In last week's column, Russ Quinn took a deeper look at DTN's potash data, which dates back to 2010, to put the fertilizer's recent price run-up into perspective. You can read it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Jul 27-31 2020 410 429 358 355
Aug 24-28 2020 430 435 352 355
Sep 21-25 2020 434 453 338 361
Oct 19-23 2020 446 476 332 359
Nov 16-20 2020 455 488 336 358
Dec 14-18 2020 466 522 360 361
Jan 11-15 2021 486 551 373 373
Feb 8-12 2021 588 642 398 453
Mar 8-12 2021 615 690 423 483
Apr 5-9 2021 618 699 431 504
May 3-7 2021 634 705 436 514
May 31-Jun 4 2021 652 712 443 524
Jun 28-Jul 2 2021 677 721 476 542
Jul 26-30 2021 695 753 549 554
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 27-31 2020 465 454 223 262
Aug 24-28 2020 464 442 219 258
Sep 21-25 2020 457 425 215 253
Oct 19-23 2020 456 424 209 249
Nov 16-20 2020 455 422 207 249
Dec 14-18 2020 463 450 210 253
Jan 11-15 2021 469 474 210 247
Feb 8-12 2021 512 524 243 285
Mar 8-12 2021 581 625 306 344
Apr 5-9 2021 605 692 341 378
May 3-7 2021 618 712 358 398
May 31-Jun 4 2021 619 719 363 412
Jun 28-Jul 2 2021 625 730 366 421
Jul 26-30 2021 631 737 365 419

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on Twitter at @KatieD_DTN


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