Producers finalizing plans for 2019 will be disappointed to find fertilizer price have turned higher. As shown in figure 1, 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. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. Data Source: USDA AMS. 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. 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. 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. Contributor on 05 Feb 2020. Latest market update . DAP prices have fallen the most, down 22%. Figure 3 shows the relative prices for a pound of nitrogen from urea, relative to anhydrous ammonia. 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. The remaining six major fertilizers continue to be slightly higher compared to last year. A wide variety of urea price per ton options are available to you, such as classification, urea coating, and state. November 2020 fertiliser review. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Retail fertilizer prices continue mostly lower, according to retailers tracked by DTN for the fourth week of November 2019. MAP is now 9% less expensive than at the same time last year. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. Buy and sell farm supplies quickly and easily on Farm Tender, Australia's premier agricultural market place. 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. 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. Figure 4 shows the estimated corn expense for a fertilizer application rate of 180-70-70 (using anhydrous ammonia as the nitrogen source). For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Join the community! Farm Finance: fertiliser prices fall €50/t on 2019 levels. Also different this week was that the price of one fertilizer was down a considerable amount. Fertilizer composition information and equation used to convert price per ton to price per pound. Three fertilizers were slightly higher in price compared to last month, but again none were up a sizeable amount. 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. First, notice current prices are lower than those reported in early 2015. Potash prices briefly dipped below $300 per ton in mid-2016. 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. CURRENT PRICES (£/t) Great Britain Straight Domestic N (34.5%N) SP5 Apr £149-151 Imported AN Lithuanian £140 where available Imported urea In recent weeks, fertilizer prices have sharply declined. Producers able to use alternative sources of nitrogen should consider urea in 2019. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. Figure 3. In his region of western Missouri about 70 miles south of Kansas City, corn will be harvested first followed by soybeans. All eight of the major fertilizers were again lower in price from the month earlier. While fertilizer prices are considerably lower than 5 to 7 years ago, the uptick comes during a challenging financial time for producers. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. While 2019 crop insurance revenue guarantees for corn will be similar to 2018, producers will be facing higher fertilizer prices in 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. The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. Also making urea more attractive is that the price ratio is lower than levels observed over the last 18 months. 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. Potash prices briefly decreased to less than $300 per ton in mid-2016. As harvest ramps up across the Midwest, farmers' minds are split between harvest and the events that need to occur after harvest. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. "DTN" and the degree symbol logo are trademarks of DTN. Filter by keywords or edition . DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. April 10, 2019. Across the board, lowered fertilizer prices are observed. Fertiliser prices in NI are running £50 to £60/t lower than last year. 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. About 3% of these are Organic Fertilizer, 1% are Compound Fertilizer, and 29% are Nitrogen Fertilizer. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – Feb./March 2019. 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. Anhydrous ammonia, for example, was nearly $750 per ton that spring. Across the board, lowered fertilizer prices are observed. The remaining four fertilizers were slightly lower in price from last month. "We're planning on locking in anhydrous by pre-paying for it," Tidman told DTN. Potash had an average price of $332/ton, urea $359/ton, anhydrous $424/ton and UAN32 $249/ton. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. Alibaba.com offers 1,376 fertilizer prices per ton products. Registration is FREE. Additional information. This is all to say that – at least for now- the days of low fertilizer prices might very well be behind us. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Copyright 2019 DTN/The Progressive Farmer. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A 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, … Rent_And_Service Unit Price; NH3 Nurse Tank Rental: Ton: $10.00: NH3 Applicator Rent: Ton: $25.00: Dry Fert. Grow your production, efficiencies, and profitability. A wide variety of fertilizer prices per ton options are available to you, such as grade standard, state, and release type. All rights reserved. UAN28 was down 5% from last month with an average price of $209 per ton. Tillage. 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. Figure 1 shows recent fertilizer prices as well as spring 2018 prices. © 2020 DTN, all rights reserved. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Please correct the following errors and try again: We've detected that you are using an unsupported browser. 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. Price Relationship Between Nitrogen Fertilizers – Urea to Anhydrous Ammonia (blue) Jan. 2010 to March 2019. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. While fertilizer prices are higher across the board, we should also consider the price relationship for nitrogen sources. DAP had an average price of $512 per ton, … 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. Fertilizer is a large expense category that is going in an unfavorable direction for producers. Lower fertilizer prices were an important source of crop budget improvements as commodity prices and farm incomes turned lower. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. 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. Data are from the Weekly Cereals and Fertilizer Price Monitoring (WCFPM). 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. Figure 2. Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. 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. Fertiliser starts £50/t down on 2019. Not all features of DTN / The Progressive Farmer may function as expected. Figure 4. Stepping back, figure 2 shows the prices trends for anhydrous ammonia, DAP, and potash since January 2015. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Lower fertilizer prices were an important source of crop budget improvements as commodity prices … Anhydrous ammonia, DAP, and Potash prices, Jan. 2015 to March 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. Seven of the eight major fertilizers were lower in price from a month earlier, although once again none were noticeably lower. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. Tidman said he is just starting to gather fertilizer prices for some cash-flow planning for the 2020 growing season. "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 expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. It was the second week in a row that prices for all fertilizers were higher. Local fertilizer prices appear to be similar to last fall, he said. Anhydrous ammonia prices in recent weeks have exceeded $600 per ton, up more than $100 per ton (18% higher) from last spring. Higher fertilizer prices then lead to higher fertilizer costs. Fertilizer application is also expected to increase, especially since record harvests have removed large amounts of plant nutrients. Kieran Mailey on 05 Feb 2020. DAP reached a low of more than $400 per ton in early 2017. Figure 1. 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. 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. 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. In addition, Tidman would also like to apply some lime to some of his acres this fall. That’s all to say that at least for now the days of low fertilizer prices might well be behind us. 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 … Russ Quinn can be reached at russ.quinn@dtn.com. "The forecast does look pretty mean, but that's the plan anyway," he said. All other trademarks are the properties of their respective owners. Second, notice that prices for these products are also above their recent lows. Many are hoping there will be a wide fall fertilizer application season. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. Not all fertilizer prices change each week. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. No fertilizer was down a significant amount, which DTN designates at 5%. With prices significantly lower in recent months, two fertilizers' prices dropped to being lower in price from a year ago. Currently, the price ratio is 1.15, which implies current urea prices are historically attractive. Alibaba.com offers 1,110 urea price per ton products. Fertiliser prices have dropped back in recent weeks. With his 2020 soybean crop, the fertilizer plan is to apply commercial P and K fertilizer ahead of the crop. Outside of nitrogen, DAP (+7%) and potash (+11%) prices are also higher. 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. Data Source: USDA AMS. 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. Producer able to use alternative sources of fertilizer should evaluate urea for 2019. (DTN chart) OMAHA (DTN) -- … About 21% of these are Nitrogen Fertilizer, 0% are Compound Fertilizer, and 0% are Organic Fertilizer. At $447 per ton, the average retail price of MAP is $18 higher than at the same time month. In the fall of 2017, anhydrous ammonia briefly fell to $400 per ton. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Putting a value on agricultural land is both art and science, especially where sales prices remain private. All sources of nitrogen are higher with urea up 10%, and liquid nitrogen (28%) up the most, 20% higher. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Dave Tidman, a farmer from Amoret, Missouri, is busy harvesting his corn crop and has seen variable yields so far. 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). MAP is now 9% less expensive and DAP is 5% lower from last year at this time. MAP price dropped $14 per ton this week to $474/ton, one of the largest price moves of the fertilizers tracked by DTN. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. 2019 Fertilizer Price Outlook. 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. Prices are subject to change at any time. DAP reach a low of more than $400 per ton in early 2017. This week’s post reviews the USDA’s latest Illinois fertilizer price data and the implication for producers this spring. How have the price upturns impacted crop budgets? Even though corn’s crop insurance revenue guarantee will be similar, estimated fertilizer expense will be $14 per acre higher than in 2018. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. UAN32 was 5% higher the first week of February 2019 compared to the previous month with an average price of $318 per ton. Consider urea in 2019 Retail prices of all eight of the major fertilizers moved higher the last full week of January 2019, according to retailers surveyed by DTN. 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