DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices are slightly higher for the second full week of June 2021. This marks the fifth straight week where fertilizer prices have been higher, but none have increased more than 5% threshold, which DTN considers significant.

The average retail price of DAP and potash each increased 3% compared to last month, coming in at $661/ton and $454/ton, respectively.

MAP, urea and UAN32 each saw 2% increases from last month. MAP was $719/ton, urea $531/ton and UAN32 $414/ton.

At $365/ton, the average retail price of UAN28 was 1% higher than last month.

While prices for 10-34-0 and anhydrous were higher, they were up less than 1% from last month; 10-34-0 had an average price of $621/ton, while anhydrous cost $719/ton on average.

On a price per pound of nitrogen basis, the average urea price was at $0.58/lb.N, anhydrous $0.44/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

Nutrien Ltd. announced Monday it is increasing its first-half 2021 earning guidance given the strength in global fertilizer markets and strong operational results. In a press release, the fertilizer giant announced first-half earnings per share is expected to be $2.30 to $2.50, up significantly from the previous guidance of $2.00 to $2.20.

In addition, the company announced it is planning on increasing potash production by 500,000 metric tons (mt), doubling production compared to expectations earlier this year.

The majority of the increased production is expected to happen in the fourth quarter of 2021, with some of this additional production to be sold in early 2022.

"The quality and breadth of our integrated network combined with unparalleled expertise in potash mining and an exceptional transportation and logistic system help ensure our customers have the crop inputs they need to feed a growing world and drives tremendous shareholder value," said Mayo Schmidt, Nutrient President and CEO.

Potash is now 25% more expensive, 10-34-0 is 33% higher, urea is 48% more expensive, UAN32 52% higher, anhydrous is 55% more expensive, UAN28 is 57% higher, DAP is 63% more expensive and MAP 68% is higher 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
Jun 15-19 2020 405 429 363 360
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
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 15-19 2020 468 464 233 273
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

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

Follow him on Twitter @RussQuinnDTN

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