August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. First, notice current prices are lower than those reported in early 2015. Data Source: USDA AMS. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. Also different this week was that the price of one fertilizer was down a considerable amount. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Consider urea in 2019 A wide variety of fertilizer prices per ton options are available to you, such as grade standard, state, and release type. In his region of western Missouri about 70 miles south of Kansas City, corn will be harvested first followed by soybeans. All other trademarks are the properties of their respective owners. Local fertilizer prices appear to be similar to last fall, he said. April 10, 2019. As a member of the DTNPF online community you can contribute to discussions, save your settings, get exclusive email alerts and access to special online sections, and read e-newsletters. Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. Fertiliser starts £50/t down on 2019. Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton. Figure 2. Producers finalizing plans for 2019 will be disappointed to find fertilizer price have turned higher. The average retail price of anhydrous was $488 per ton the fourth week of December 2019, down about 1.8% from $497 the fourth week of November. Urea had an average price of $358/ton, down $1; 10-34-0 $455/ton, down $2; anhydrous $422/ton, down $2; UAN28 $208/ton, down $1; and UAN32 $248/ton, down $1. Since 2010, a pound of nitrogen from urea has cost an average of 1.22 times the price of a pound of nitrogen from anhydrous ammonia. "We're planning on locking in anhydrous by pre-paying for it," Tidman told DTN. Latest market update . "DTN" and the degree symbol logo are trademarks of DTN. Alibaba.com offers 1,110 urea price per ton products. In recent weeks, fertilizer prices have sharply declined. Producer able to use alternative sources of fertilizer should evaluate urea for 2019. Tidman said he is just starting to gather fertilizer prices for some cash-flow planning for the 2020 growing season. DAP had an average price of $512 per ton, … How have the price upturns impacted crop budgets? Outside of nitrogen, DAP (+7%) and potash (+11%) prices are also higher. On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.31/lb.N, UAN28 $0.45/lb.N and UAN32 $0.45/lb.N. Join the community! Fertilizer composition information and equation used to convert price per ton to price per pound. As harvest ramps up across the Midwest, farmers' minds are split between harvest and the events that need to occur after harvest. Registration is FREE. The remaining six major fertilizers continue to be slightly higher compared to last year. November 2020 fertiliser review. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. About 3% of these are Organic Fertilizer, 1% are Compound Fertilizer, and 29% are Nitrogen Fertilizer. Lower fertilizer prices were an important source of crop budget improvements as commodity prices … Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. Producers able to use alternative sources of nitrogen should consider urea in 2019. Kieran Mailey on 05 Feb 2020. Fertilizer Description Nutrient Content Per Ton of Fertilizer; Urea – 46% N by weight: 920 lb N/ton: Ammonium Nitrate – 34% N by weight: 680 lb N/ton : Ammonium Sulfate – 21% N and 24% by weight: 420 lb N/ton: Conc. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. Fertiliser prices have dropped back in recent weeks. All rights reserved. All eight of the major fertilizers were again lower in price from the month earlier. Fertilizer Program: 02/01/2019 Dry Price/Ton Price/Unit Comments Urea 46-0-0 $395.00 $0.4293 $395.00 $0.4293 Need Signed Contracts on Deferred MAP 11-52-0 $535.00 $0.4246 $535.00 $0.4246 Need Signed Contracts on Deferred AMS 21-0-0-24 $335.00 $0.3722 $335.00 $0.3722 Need Signed Contracts on Deferred Potash 0-0-60 $375.00 $0.3125 $375.00 $0.3125 Need Signed Contracts on … Figure 3 shows the relative prices for a pound of nitrogen from urea, relative to anhydrous ammonia. Data are from the Weekly Cereals and Fertilizer Price Monitoring (WCFPM). Three fertilizers were slightly higher in price compared to last month, but again none were up a sizeable amount. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. Furthermore, the latest fertilizer price data makes us wonder how the USDA’s early 2019 forecasts of net farm income will fare given the estimate of lower costs of production in 2019. Prices are subject to change at any time. Seven of the eight major fertilizers were lower in price from a month earlier, although once again none were noticeably lower. Second, notice that prices for these products are also above their recent lows. Grow your production, efficiencies, and profitability. Please correct the following errors and try again: We've detected that you are using an unsupported browser. In the fall of 2017, anhydrous ammonia briefly fell to $400 per ton. This week’s post reviews the USDA’s latest Illinois fertilizer price data and the implication for producers this spring. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Merchants say adverse weather means the trade has yet to kick off, with volumes traded running at only a fraction of last year’s levels. Figure 4. Fertilizer application is also expected to increase, especially since record harvests have removed large amounts of plant nutrients. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. 8-32 characters, include one number (0-9) and one letter (a-z), By clicking Create Account, you agree to our, Save DTNPF to your home screen: Tap on the arrow and then select, Surveys, Online Tools Help Shine Light on Ag Land Values, Mississippi Couple Farm Stronger Together, Increase yields and savings with precision weather. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. Retail fertilizer prices continue mostly lower, according to retailers tracked by DTN for the fourth week of November 2019. Anhydrous ammonia, for example, was nearly $750 per ton that spring. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Trump Vetoes Defense Bill, Setting Up Possible Override Vote, On-Farm Data Feeds Decisions Locally, Globally, Despite Court Victory, Basin Farmers Give Up Flowage Easements to Government, Nine Refining Companies Have Taken EPA to Court on Small-Refinery Exemptions, Next Generation Learns From Failures, Embraces Success, Good Ground Gives Good Home for North Dakota Farmer, Fourth-Generation Rice Farmer Carries on Family Legacy, Retail Fertilizer Prices Continue Slow Slide Lower. No fertilizer was down a significant amount, which DTN designates at 5%. "The forecast does look pretty mean, but that's the plan anyway," he said. Copyright 2019 DTN/The Progressive Farmer. CURRENT PRICES (£/t) Great Britain Straight Domestic N (34.5%N) SP5 Apr £149-151 Imported AN Lithuanian £140 where available Imported urea Anhydrous ammonia, DAP, and Potash prices, Jan. 2015 to March 2019. UAN32 was 5% higher the first week of February 2019 compared to the previous month with an average price of $318 per ton. Not all features of DTN / The Progressive Farmer may function as expected. Dave Tidman, a farmer from Amoret, Missouri, is busy harvesting his corn crop and has seen variable yields so far. MAP is now 9% less expensive than at the same time last year. Rent_And_Service Unit Price; NH3 Nurse Tank Rental: Ton: $10.00: NH3 Applicator Rent: Ton: $25.00: Dry Fert. While prices are higher compared to last month, none were up a significant amount, which DTN defines as a price move of 5% or more. Figure 4 shows the estimated corn expense for a fertilizer application rate of 180-70-70 (using anhydrous ammonia as the nitrogen source). (DTN chart) OMAHA (DTN) -- … While fertilizer prices are considerably lower than 5 to 7 years ago, the uptick comes during a challenging financial time for producers. Contributor on 05 Feb 2020. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Lower fertilizer prices were an important source of crop budget improvements as commodity prices and farm incomes turned lower. Across the board, lowered fertilizer prices are observed. While current prices remain much lower than the $160 per acre expense reported in 2011, 2012, and 2013, the turn higher in 2019 is not good news for a farm economy struggling with persistently low farm income. MAP price dropped $14 per ton this week to $474/ton, one of the largest price moves of the fertilizers tracked by DTN. Anhydrous ammonia prices in recent weeks have exceeded $600 per ton, up more than $100 per ton (18% higher) from last spring. Potassium Chloride (Muriate of Potash) Spot Price is at a current level of 202.50, unchanged from 202.50 last month and down from 265.50 one year ago. This is all to say that – at least for now- the days of low fertilizer prices might very well be behind us. It was the second week in a row that prices for all fertilizers were higher. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. UAN32 is 3% more expensive, both urea and 10-34-0 are 4% higher, anhydrous is 5% more expensive, potash is 6% higher and UAN28 is 7% more expensive compared to last year. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. Retail prices of all eight of the major fertilizers moved higher the last full week of January 2019, according to retailers surveyed by DTN. That’s all to say that at least for now the days of low fertilizer prices might well be behind us. About 21% of these are Nitrogen Fertilizer, 0% are Compound Fertilizer, and 0% are Organic Fertilizer. Not all fertilizer prices change each week. A wide variety of urea price per ton options are available to you, such as classification, urea coating, and state. MAP is now 9% less expensive and DAP is 5% lower from last year at this time. Higher fertilizer prices then lead to higher fertilizer costs. Figure 1. Prices for five fertilizers were slightly lower compared to the previous month, though none was down a significant amount, which DTN designates as 5% or more. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Filter by keywords or edition . The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. With prices significantly lower in recent months, two fertilizers' prices dropped to being lower in price from a year ago. In the fall of 2017 anhydrous ammonia briefly decreased to $400 per ton. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A Putting a value on agricultural land is both art and science, especially where sales prices remain private. Across the board, lowered fertilizer prices are observed. DAP reach a low of more than $400 per ton in early 2017. Fertilizer is a large expense category that is going in an unfavorable direction for producers. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Specifically, spring 2018 is the average of prices reported in the months of April and May, while the recent data are the average for February and March 2019. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. DAP reached a low of more than $400 per ton in early 2017. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. Even though corn’s crop insurance revenue guarantee will be similar, estimated fertilizer expense will be $14 per acre higher than in 2018. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. DAP had an average price of $476 per ton, down $15; MAP $474/ton, down $14; potash $384/ton, down $3; urea $404/ton, down $4; 10-34-0 $470/ton, down $3; anhydrous $511/ton, down $11; UAN28 $253/ton, down $2; and UAN32 $289/ton, down $1. The price six months ago (third week of January 2019) was at $584/ton, only a $1/ton difference, and three months ago (the third week of April 2019) the price was at $594/ton, … UAN28 was down 5% from last month with an average price of $209 per ton. All sources of nitrogen are higher with urea up 10%, and liquid nitrogen (28%) up the most, 20% higher. Data Source: USDA AMS. Fertilizer Europe (FE) has been accused of “seriously undermining the competitiveness of EU agriculture and destroying farmers’ incomes” by the Irish Farmers’ Association… Fertiliser prices: CAN ranging from €270/t to €285/t. DAP had an average price of $456/ton, MAP $465/ton, potash $381/ton, urea $386/ton, anhydrous $497/ton, UAN28 $245/ton and UAN32 $277/ton. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. At $447 per ton, the average retail price of MAP is $18 higher than at the same time month. Also making urea more attractive is that the price ratio is lower than levels observed over the last 18 months. "We are also going to switch to poultry litter for our corn phosphorus (P) and potash (K) needs, so we will try to get that applied this fall for sure.". Stepping back, figure 2 shows the prices trends for anhydrous ammonia, DAP, and potash since January 2015. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – Feb./March 2019. DAP prices have fallen the most, down 22%. With his 2020 soybean crop, the fertilizer plan is to apply commercial P and K fertilizer ahead of the crop. © 2020 DTN, all rights reserved. While fertilizer prices are higher across the board, we should also consider the price relationship for nitrogen sources. Russ Quinn can be reached at russ.quinn@dtn.com. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Currently, the price ratio is 1.15, which implies current urea prices are historically attractive. Additional information. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. While 2019 crop insurance revenue guarantees for corn will be similar to 2018, producers will be facing higher fertilizer prices in 2019. The current price relationship between urea and anhydrous ammonia shows urea prices – relatively speaking- are more attractive in 2019 than in recent years and when compared to the 10-year average. Food commodity prices, despite recent volatility, have been relatively stable over the past four years and are projected to increase marginally in 2019 (see earlier blog). This product summarizes fertilizer consumption in the United States by plant nutrient and major fertilizer products—as well as consumption of mixed fertilizers, secondary nutrients, and micronutrients—for 1960 through the latest year for which statistics are available. Tillage. Figure 1 shows recent fertilizer prices as well as spring 2018 prices. Potash had an average price of $332/ton, urea $359/ton, anhydrous $424/ton and UAN32 $249/ton. Figure 3. Fertiliser prices in NI are running £50 to £60/t lower than last year. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Alibaba.com offers 1,376 fertilizer prices per ton products. 2019 crop insurance revenue guarantees for corn will be similar to 2018, USDA’s latest Illinois fertilizer price data, USDA’s early 2019 forecasts of net farm income will fare given the estimate of lower costs of production in 2019, Follow AEI’s Weekly Insights by clicking here. In addition, Tidman would also like to apply some lime to some of his acres this fall. Potash prices briefly dipped below $300 per ton in mid-2016. Fertilizer Prices for Select Production, April/May 2018 and Feb./March 2019. The remaining four fertilizers were slightly lower in price from last month. 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