Join the community! Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Data are from the Weekly Cereals and Fertilizer Price Monitoring (WCFPM). Seven of the eight major fertilizers were lower in price from a month earlier, although once again none were noticeably lower. "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.". Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. In the fall of 2017 anhydrous ammonia briefly decreased to $400 per ton. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. Contributor on 05 Feb 2020. 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. Additional information. Retail fertilizer prices continue mostly lower, according to retailers tracked by DTN for the fourth week of November 2019. Even though corn’s crop insurance revenue guarantee will be similar, estimated fertilizer expense will be $14 per acre higher than in 2018. No fertilizer was down a significant amount, which DTN designates at 5%. Buy and sell farm supplies quickly and easily on Farm Tender, Australia's premier agricultural market place. Lower fertilizer prices were an important source of crop budget improvements as commodity prices … With his 2020 soybean crop, the fertilizer plan is to apply commercial P and K fertilizer ahead of the crop. Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. 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. DAP prices have fallen the most, down 22%. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Farm Finance: fertiliser prices fall €50/t on 2019 levels. Fertilizer Prices for Select Production, April/May 2018 and Feb./March 2019. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. While 2019 crop insurance revenue guarantees for corn will be similar to 2018, producers will be facing higher fertilizer prices in 2019. MAP is now 9% less expensive than at the same time last year. As harvest ramps up across the Midwest, farmers' minds are split between harvest and the events that need to occur after harvest. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Anhydrous ammonia, DAP, and Potash prices, Jan. 2015 to March 2019. The remaining four fertilizers were slightly lower in price from last month. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. About 3% of these are Organic Fertilizer, 1% are Compound Fertilizer, and 29% are Nitrogen Fertilizer. Price Relationship Between Nitrogen Fertilizers – Urea to Anhydrous Ammonia (blue) Jan. 2010 to March 2019. Alibaba.com offers 1,110 urea price per ton products. In recent weeks, fertilizer prices have sharply declined. 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. 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. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. Retail prices of all eight of the major fertilizers moved higher the last full week of January 2019, according to retailers surveyed by DTN. About 21% of these are Nitrogen Fertilizer, 0% are Compound Fertilizer, and 0% are Organic Fertilizer. Please correct the following errors and try again: We've detected that you are using an unsupported browser. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. 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. 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. 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. Figure 2. Producer able to use alternative sources of fertilizer should evaluate urea for 2019. While fertilizer prices are higher across the board, we should also consider the price relationship for nitrogen sources. 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. All other trademarks are the properties of their respective owners. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. 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. Currently, the price ratio is 1.15, which implies current urea prices are historically attractive. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton. Fertiliser prices in NI are running £50 to £60/t lower than last year. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Figure 1. Rent_And_Service Unit Price; NH3 Nurse Tank Rental: Ton: $10.00: NH3 Applicator Rent: Ton: $25.00: Dry Fert. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. DAP reach a low of more than $400 per ton in early 2017. UAN32 was 5% higher the first week of February 2019 compared to the previous month with an average price of $318 per ton. Also making urea more attractive is that the price ratio is lower than levels observed over the last 18 months. All eight of the major fertilizers were again lower in price from the month earlier. It was the second week in a row that prices for all fertilizers were higher. 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. Not all fertilizer prices change each week. How have the price upturns impacted crop budgets? Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. MAP price dropped $14 per ton this week to $474/ton, one of the largest price moves of the fertilizers tracked by DTN. 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, … The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. 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. 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. Not all features of DTN / The Progressive Farmer may function as expected. Potash prices briefly dipped below $300 per ton in mid-2016. With prices significantly lower in recent months, two fertilizers' prices dropped to being lower in price from a year ago. A wide variety of fertilizer prices per ton options are available to you, such as grade standard, state, and release type. Tidman said he is just starting to gather fertilizer prices for some cash-flow planning for the 2020 growing season. Dave Tidman, a farmer from Amoret, Missouri, is busy harvesting his corn crop and has seen variable yields so far. Three fertilizers were slightly higher in price compared to last month, but again none were up a sizeable amount. Prices are subject to change at any time. Figure 4. All sources of nitrogen are higher with urea up 10%, and liquid nitrogen (28%) up the most, 20% higher. Consider urea in 2019 April 10, 2019. 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). DAP had an average price of $512 per ton, … While fertilizer prices are considerably lower than 5 to 7 years ago, the uptick comes during a challenging financial time for producers. A wide variety of urea price per ton options are available to you, such as classification, urea coating, and state. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Registration is FREE. In his region of western Missouri about 70 miles south of Kansas City, corn will be harvested first followed by soybeans. All rights reserved. Fertilizer composition information and equation used to convert price per ton to price per pound. UAN28 was down 5% from last month with an average price of $209 per ton. OMAHA (DTN) -- Retail fertilizer prices are beginning to sound a bit like a broken record: They're all slightly lower, just like they've been seven of the last eight weeks, according to prices tracked by DTN for the first week of October 2019. Outside of nitrogen, DAP (+7%) and potash (+11%) prices are also higher. Putting a value on agricultural land is both art and science, especially where sales prices remain private. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. 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. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A DAP reached a low of more than $400 per ton in early 2017. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. Filter by keywords or edition . 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. Second, notice that prices for these products are also above their recent lows. 2019 Fertilizer Price Outlook. "DTN" and the degree symbol logo are trademarks of DTN. Producers finalizing plans for 2019 will be disappointed to find fertilizer price have turned higher. (DTN chart) OMAHA (DTN) -- … At $447 per ton, the average retail price of MAP is $18 higher than at the same time month. Fertilizer is a large expense category that is going in an unfavorable direction for producers. Figure 3. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. Figure 3 shows the relative prices for a pound of nitrogen from urea, relative to anhydrous ammonia. Higher fertilizer prices then lead to higher fertilizer costs. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. In addition, Tidman would also like to apply some lime to some of his acres this fall. Anhydrous ammonia, for example, was nearly $750 per ton that spring. Alibaba.com offers 1,376 fertilizer prices per ton products. Fertiliser prices have dropped back in recent weeks. Local fertilizer prices appear to be similar to last fall, he said. Across the board, lowered fertilizer prices are observed. In the fall of 2017, anhydrous ammonia briefly fell to $400 per ton. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. This week’s post reviews the USDA’s latest Illinois fertilizer price data and the implication for producers this spring. Copyright 2019 DTN/The Progressive Farmer. 2019 levels ' minds are split Between harvest and the events that need occur. Anhydrous by pre-paying for it, '' he said his 2020 soybean crop, average! N/Lb., dap, map, potash, urea coating, and potash prices dipped... Appear to be similar to last fall, he said of crop budget improvements as prices! 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