From DTN's Progressive Farmer:
DTN Retail Fertilizer Trends
Prices for All Fertilizers Move Lower for First Time in Almost Two Years
The two biggest North American based producers:Large decreases in average retail fertilizer prices were seen the second week of August 2019, according to retailers surveyed by DTN. This marks the first time in a couple of years that prices have declined in unison.Prices for all eight of the major fertilizer were lower from the prior month with half down by a considerable amount.Leading the way lower were anhydrous and UAN32, which both were down 7% from last month. Anhydrous had an average price of $543 per ton while UAN32 had a price of $295 per ton.Prices for both MAP and UAN28 were also significantly lower, down 6% from the previous month. The phosphorus fertilizer (MAP) had an average price of $503 per ton and UAN28 was at $258 per ton.Prices for the remaining four fertilizers were down from last month, but not by a significant amount. DAP had an average price of $493/ton, potash $387/ton, urea $413/ton and 10-34-0 $475/tonOn a price per pound of nitrogen basis, the average urea price was at $0.45/lb.N, anhydrous $0.33/lb.N, UAN28 $0.46/lb.N and UAN32 $0.46/lb.N.Digging through the DTN/Progressive Farmer retail fertilizer price data shows it has been awhile since prices for all fertilizers have moved lower in the same week. You have to go all the way back to the second week of September 2017 -- almost two full years -- to find a week in which prices for all eight fertilizer were lower.Each week, I write down how many fertilizers are lower and higher in price, and it took me seven steno note pads to find this information....MUCH MORE