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DTN Retail Fertilizer Trends
Wednesday, June 19, 2019 1:36PM CDT
By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) -- Retail fertilizer prices continue mixed, as has been the case for several months now, according to locations tracked by DTN for the second week of June 2019.

Five fertilizers were higher compared to last month with none up a substantial amount, which DTN considers 5% or more. MAP had an average price of $527/ton, up $1 from last month; potash $392/ton, up fractionally; urea $434/ton, up $8; UAN28 $271/ton, up $4; and UAN32 $314/ton, up $3.

Two fertilizers were slightly lower compared to last month, but again the move lower was fairly slight. DAP had an average price of $497/ton, $1 less than last month, and anhydrous $591/ton, $4 less.

In addition, one fertilizer was unchanged from the previous month. 10-34-0 had an average price of $487/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.47/lb.N, anhydrous $0.36/lb.N, UAN28 $0.48/lb.N and UAN32 $0.49/lb.N.

With the extremely wet planting season this spring, many corn farmers are deciding whether to apply nitrogen. Some sidedress every year, but others may be forced into applying nitrogen because of weather-related losses.

In a post from June 12 titled, "Should you apply nitrogen in-season?," University of Minnesota Extension Specialists Dan Kaiser and Fabian Fernandez and Extension Educator Brad Carlson write there is an increased risk for nitrogen loss through denitrification as we move through June.

Denitrification is a process by which nitrate is chemically reduced and lost as a gas. Water drives this process. The nitrogen has to be in the nitrate form and the soil saturated to a point where there is little or no oxygen -- a situation in many areas across the Corn Belt.

"The potential for denitrification increases as soils warm due to increased microbial activity," the report stated. "The greatest risk for denitrification each year tends to begin in June as the summer heat sets in."

If soils are saturated and the loss potential is large enough, supplemental nitrogen may be required. There are two main options to determine if additional nitrogen is needed, according to the report.

One method is to use this supplemental nitrogen decision worksheet, which helps determine whether conditions have favored nitrogen loss using a series of three questions. This sheet can be found at https://drive.google.com/… .

Another option is to take a pre-sidedress nitrate test. The University of Minnesota Extension produced a video about the test and it can be found here https://drive.google.com/… .

"The issue with both methods is that information is lacking in how much fertilizer should be applied if either indicate sufficient loss of nitrogen," the report stated. "Trying to maximize economics should be a priority, so keeping rates reasonable is important to keep costs as low as possible.

To entire report can be viewed at https://blog-crop-news.extension.umn.edu/… .

All eight of the major fertilizers are now priced higher compared to last year. DAP is 3% higher, MAP is 4% more expensive, both potash and 10-34-0 are 11% higher, UAN28 is 12% more expensive; UAN32 is 14% higher, anhydrous is 17% more expensive and urea is 19% 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 11-15 2018 484 505 354 364
Jul 9-13 2018 485 504 354 366
Aug 6-10 2018 487 507 356 363
Sep 3-7 2018 488 514 358 366
Oct 1-5 2018 501 523 364 389
Oct 29-Nov 2 2018 506 528 366 408
Nov 26-30 2018 501 530 369 409
Dec 24-28 2018 507 533 379 407
Jan 21-25 2019 512 535 383 409
Feb 18-22 2019 512 536 385 404
Mar 18-22 2019 509 533 386 401
Apr 15-19 2019 504 531 388 404
May 13-17 2019 498 526 392 426
Jun 10-14 2019 497 527 392 434
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 11-15 2018 440 503 241 277
Jul 9-13 2018 443 505 242 279
Aug 6-10 2018 445 482 233 271
Sep 3-7 2018 446 480 232 271
Oct 1-5 2018 451 488 237 279
Oct 29-Nov 2 2018 457 505 245 285
Nov 26-30 2018 457 519 246 287
Dec 24-28 2018 457 568 266 303
Jan 21-25 2019 467 584 270 313
Feb 18-22 2019 470 596 271 317
Mar 18-22 2019 470 597 270 318
Apr 15-19 2019 481 594 270 317
May 13-17 2019 487 595 267 311
Jun 10-14 2019 487 591 271 314

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

Follow him on Twitter @RussQuinnDTN

(KD/CZ)


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