class="post-template-default single single-post postid-356788 single-format-standard custom-background group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-5.6 vc_responsive"
Nitrogen Fertilizers Higher Once Again | KTIC Radio

Nitrogen Fertilizers Higher Once Again

Nitrogen Fertilizers Higher Once Again

 Fertilizer prices continue to move higher, with nitrogen fertilizers once again leading the way, according to retailers tracked by DTN for the last week of December 2018.

At $568/ton, the average retail price of anhydrous is 9% higher than last month and 21% more expensive than at the same time last year. (DTN Chart)

For the third week in a row, three fertilizers’ prices are significantly higher. Overall, seven of the eight fertilizers tracked by DTN saw price increases from last month.

Anhydrous prices are 9% higher compared to last month with an average price of $568/ton. That’s an increase of $49/ton.

UAN28 prices are up 8%, an increase of $20/ton. The nitrogen fertilizer has an average price of $266/ton.

UAN32 is $16/ton more expensive than last month, a 6% increase, with an average price of $303/ton.

Four other fertilizers’ prices were slightly higher. DAP had an average price of $507/ton, up $6/ton; MAP $533/ton, up $3/ton; potash $379/ton, up $10/ton; and 10-34-0 $457/ton, up fractionally from last month.

One fertilizer was slightly lower in price compared to last month. Urea’s average price dropped $2/ton to $407/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.35/lb.N, UAN28 $0.47/lb.N and UAN32 $0.47/lb.N.

Higher fertilizer prices have made for a less-than-positive end to the year for farmers in the market for nutrients. It’s even affected some farmers who tried to avoid higher fertilizer prices by locking in prices months ago.

Quentin Bowen, a corn and soybean farmer from Humboldt, Nebraska, told DTN he booked about two thirds of his anhydrous needs last August for fall application. Harvest dragged on until Christmas in southeastern Nebraska and very little anhydrous was applied this fall.

He said the contract included a clause that gave his retailer the choice of whether to honor the contracts into the spring. The company could add a monthly storage charge for product that wasn’t applied in the fall or it could choose to cancel the contact completely.

Bowen said he and other growers were told the second week of December that the anhydrous contact was being cancelled.

“We could get our money refunded or have it applied to a new contract for significantly fewer tons,” Bowen said. “It increased our nitrogen cost per acre by a minimum of $16 an acre.”

Urea prices are also higher in his area, even though soybean prices show little room to make a profit.

Bowen said it will be a busy spring in southeast Nebraska, as it will be in many places around the Corn Belt, since very little fieldwork of any kind got done last fall. In his area, no fall spraying, dirt work or ditch fixing was done at all, he said.

All eight of the major fertilizers are now higher compared to last year. MAP is 9% more expensive, potash is 10% higher, 10-34-0 is 12% more expensive, DAP is 13% higher, urea is 17% more expensive, UAN32 is 20% higher, anhydrous is 21% more expensive and UAN28 is now 23% higher compared to last year.

DTN collects roughly 1,700 retail fertilizer bids from 310 retail 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
Dec 18-22 2017 445 485 344 348
Jan 15-19 2018 456 491 345 355
Feb 12-16 2018 457 495 345 357
Mar 12-16 2018 466 503 350 368
Apr 9-13 2018 482 504 353 369
May 7-11 2018 483 505 354 366
Jun 4-8 2018 484 505 354 364
Jul 2-6 2018 485 504 354 366
Jul 30- Aug 3 2018 488 505 355 366
Aug 27-31 2018 487 513 357 365
Sep 24-28 2018 494 520 361 385
Oct 22-26 2018 499 518 366 406
Nov 19-23 2018 501 530 368 407
Dec 17-21 2018 508 532 377 407
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Dec 18-22 2017 405 461 218 254
Jan 15-19 2018 407 485 226 260
Feb 12-16 2018 415 492 230 264
Mar 12-16 2018 421 503 237 282
Apr 9-13 2018 427 510 241 275
May 7-11 2018 431 512 241 276
Jun 4-8 2018 440 503 241 276
Jul 2-6 2018 443 505 242 279
Jul 30- Aug 3 2018 443 498 242 279
Aug 27-31 2018 446 480 233 271
Sep 24-28 2018 449 493 236 278
Oct 22-26 2018 457 499 243 284
Nov 19-23 2018 457 520 246 287
Dec 17-21 2018 457 565 265 304
© 2019 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share: