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DTN Retail Fertilizer Trends 11/29 05:00
UAN28 Leads Major Fertilizer Prices Lower
Retail fertilizer prices continued to be mixed with prices for five of the
eight major fertilizers slightly lower compared to last month. UAN28 led
fertilizers lower, down 6% from last month with an average price of $338 per
ton. The remaining three fertilizers were slightly higher in price compared to
the prior month.
Russ Quinn
DTN Staff Reporter
OMAHA (DTN) -- Retail fertilizer prices were a mixed bag again during the
third week of November 2023, according to sellers surveyed by DTN.
Average prices for five of the eight major fertilizers were lower compared
to last month, while prices for the remaining three fertilizers were slightly
higher. DTN designates a significant move as anything 5% or more.
One fertilizer had a notable price move compared to last month. UAN28 was
down 6% looking back to last month. The nitrogen fertilizer had an average
price of $338 per ton.
The remaining four fertilizers were down just slightly. DAP had an average
price of $713 per ton, urea $570/ton, 10-34-0 $583/ton and UAN32 $402/ton.
Three fertilizers were just slightly higher in price compared to last month.
MAP had an average price of $811/ton, potash $512/ton and anhydrous $833/ton.
On a price per pound of nitrogen basis, the average urea price was
$0.62/lb.N, anhydrous $0.51/lb.N, UAN28 $0.60/lb.N and UAN32 $0.63/lb.N.
A new form of ammonium phosphate fertilizer has been field-tested by
University of Illinois researchers. The fertilizer, struvite (5-28-0), recycles
nutrients from wastewater streams, reduces the leaching of phosphorus and
nitrogen in soils and maintains or improves soybean yields compared to
conventional phosphorus fertilizers, according to a University of Illinois news
release
(https://aces.illinois.edu/news/recycled-phosphorus-fertilizer-reduces-nutrient-
leaching-maintains-yield).
Andrew Margenot, associate professor and faculty Extension specialist in the
Department of Crop Sciences, said that while there have been some lab and
greenhouse projects showing the potential of struvite, this would be the first
field-scale assessment of nutrient loss and yield benefits.
"We have found that struvite can be a full substitute for monoammonium
phosphate (MAP) or diammonium phosphate (DAP) for soybean yield-wise, and it
reduces nonpoint source nutrient losses to conventional fertilizer options,"
Margenot said.
Applying MAP or DAP in the fall as a source of phosphorus for crops is a
common practice for corn and soybean producers in much of the Corn Belt.
Because the phosphorus in MAP and DAP is highly water soluble, much of the
nutrient is lost during the ensuing winter and early spring months. Not only
can this contribute to downstream nutrient pollution, but it also means there
may be less phosphorus available in the soil by the time crops are planted in
spring.
All fertilizers are now lower by double digits compared to one year ago. MAP
is 17% lower, both DAP and 10-34-0 are 23% less expensive, urea is 29% lower,
potash is 39% lower, both anhydrous and UAN32 are 41% less expensive and UAN28
is 42% less expensive compared to a year prior.
DTN gathers fertilizer price bids from agriculture retailers each week to
compile the DTN Fertilizer Index. DTN first began reporting data in November
2008.
In addition to national averages, MyDTN subscribers can access the full DTN
Fertilizer Index, which includes state averages, here:
https://www.mydtn.com/agriculture/web/ag/markets/fuels-fertilizers%23!/fertilize
rs.
The Fertilizer Institute (TFI) recently reiterated its opposition to the
EPA's proposed rule to tighten national ambient air quality standards,
according to a TFI press release. You can read about it here:
https://www.dtnpf.com/agriculture/web/ag/crops/article/2023/11/22/mixed-action-c
ontinues-retail-prices.
DRY
Date Range DAP MAP POTASH UREA
Nov 21-25 2022 927 972 841 802
Dec 19-Dec 23 2022 890 909 790 757
Jan 16-Jan 20 2023 859 865 721 712
Feb 13-Feb 17 2023 838 857 692 686
Mar 13-Mar 17 2023 825 821 655 638
Apr 10-14 2023 821 809 642 625
May 8-12 2023 828 826 627 664
June 5-9 2023 822 832 618 622
July 3-7 2023 824 827 619 615
July 31-Aug 4 2023 766 773 579 572
Aug 28-Sep 1 2023 730 736 518 563
Sep 25-29 2023 703 777 508 570
Oct 23-27 2023 713 799 507 574
Nov 20-24 2023 713 811 512 570
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Nov 21-25 2022 753 1419 583 681
Dec 19-Dec 23 2022 751 1360 578 681
Jan 16-Jan 20 2023 755 1238 536 634
Feb 13-Feb 17 2023 754 1213 483 572
Mar 13-Mar 17 2023 740 1059 428 521
Apr 10-14 2023 740 1003 427 507
May 8-12 2023 739 910 423 517
June 5-9 2023 739 787 411 478
July 3-7 2023 730 752 396 466
July 31-Aug 4 2023 713 638 378 411
Aug 28-Sep 1 2023 607 680 355 391
Sep 25-29 2023 610 767 353 413
Oct 23-27 2023 610 825 360 418
Nov 20-24 2023 583 833 338 402
Russ Quinn can be reached at Russ.Quinn@dtn.com
Follow him on X, formerly known as Twitter, @RussQuinnDTN
(c) Copyright 2023 DTN, LLC. All rights reserved.
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