While 2019 crop insurance revenue guarantees for corn will be similar to 2018, producers will be facing higher fertilizer prices in 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. Currently, the price ratio is 1.15, which implies current urea prices are historically attractive. Data are from the Weekly Cereals and Fertilizer Price Monitoring (WCFPM). 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. Figure 1. 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. 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. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Contributor on 05 Feb 2020. DAP reach a low of more than $400 per ton in early 2017. With his 2020 soybean crop, the fertilizer plan is to apply commercial P and K fertilizer ahead of the crop. Producers able to use alternative sources of nitrogen should consider urea in 2019. Producers finalizing plans for 2019 will be disappointed to find fertilizer price have turned higher. Across the board, lowered fertilizer prices are observed. 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. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. Fertilizer Prices for Select Production, April/May 2018 and Feb./March 2019. "We're planning on locking in anhydrous by pre-paying for it," Tidman told DTN. At $447 per ton, the average retail price of MAP is $18 higher than at the same time month. Additional information. August and September fertilizer prices confirm expectations of rising fertilizer costs for 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. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. Figure 4. Russ Quinn can be reached at russ.quinn@dtn.com. Stepping back, figure 2 shows the prices trends for anhydrous ammonia, DAP, and potash since January 2015. 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. Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. Figure 3. All other trademarks are the properties of their respective owners. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Latest market update . Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – Feb./March 2019. Fertiliser starts £50/t down on 2019. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Figure 2. "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.". CURRENT PRICES (£/t) Great Britain Straight Domestic N (34.5%N) SP5 Apr £149-151 Imported AN Lithuanian £140 where available Imported urea Three fertilizers were slightly higher in price compared to last month, but again none were up a sizeable amount. Fertiliser prices in NI are running £50 to £60/t lower than last year. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. UAN28 was down 5% from last month with an average price of $209 per ton. Lower fertilizer prices were an important source of crop budget improvements as commodity prices … UAN32 was 5% higher the first week of February 2019 compared to the previous month with an average price of $318 per ton. Farm Finance: fertiliser prices fall €50/t on 2019 levels. Price Relationship Between Nitrogen Fertilizers – Urea to Anhydrous Ammonia (blue) Jan. 2010 to March 2019. Also different this week was that the price of one fertilizer was down a considerable amount. In his region of western Missouri about 70 miles south of Kansas City, corn will be harvested first followed by soybeans. DAP had an average price of $512 per ton, … All sources of nitrogen are higher with urea up 10%, and liquid nitrogen (28%) up the most, 20% higher. About 3% of these are Organic Fertilizer, 1% are Compound Fertilizer, and 29% are Nitrogen Fertilizer. Potash had an average price of $332/ton, urea $359/ton, anhydrous $424/ton and UAN32 $249/ton. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Figure 1 shows recent fertilizer prices as well as spring 2018 prices. Anhydrous ammonia, for example, was nearly $750 per ton that spring. 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. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Retail fertilizer prices continue mostly lower, according to retailers tracked by DTN for the fourth week of November 2019. Not all fertilizer prices change each week. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. DAP prices have fallen the most, down 22%. In the fall of 2017, anhydrous ammonia briefly fell to $400 per ton. Also making urea more attractive is that the price ratio is lower than levels observed over the last 18 months. 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. Dave Tidman, a farmer from Amoret, Missouri, is busy harvesting his corn crop and has seen variable yields so far. While fertilizer prices are higher across the board, we should also consider the price relationship for nitrogen sources. Grow your production, efficiencies, and profitability. It was the second week in a row that prices for all fertilizers were higher. Filter by keywords or edition . Potash prices briefly decreased to less than $300 per ton in mid-2016. Figure 3 shows the relative prices for a pound of nitrogen from urea, relative to anhydrous ammonia. MAP price dropped $14 per ton this week to $474/ton, one of the largest price moves of the fertilizers tracked by DTN. MAP is now 9% less expensive and DAP is 5% lower from last year at this time. MAP is now 9% less expensive than at the same time last year. 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. Higher fertilizer prices then lead to higher fertilizer costs. 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. 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. Kieran Mailey on 05 Feb 2020. This is all to say that – at least for now- the days of low fertilizer prices might very well be behind us. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. Tidman said he is just starting to gather fertilizer prices for some cash-flow planning for the 2020 growing season. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. Many are hoping there will be a wide fall fertilizer application season. Fertiliser prices have dropped back in recent weeks. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. A wide variety of fertilizer prices per ton options are available to you, such as grade standard, state, and release type. The remaining four fertilizers were slightly lower in price from last month. Prices are subject to change at any time. 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. "The forecast does look pretty mean, but that's the plan anyway," he said. Copyright 2019 DTN/The Progressive Farmer. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. DAP reached a low of more than $400 per ton in early 2017. Alibaba.com offers 1,110 urea price per ton products. 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. About 21% of these are Nitrogen Fertilizer, 0% are Compound Fertilizer, and 0% are Organic Fertilizer. How have the price upturns impacted crop budgets? 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. Fertilizer composition information and equation used to convert price per ton to price per pound. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. 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. Across the board, lowered fertilizer prices are observed. Registration is FREE. Second, notice that prices for these products are also above their recent lows. (DTN chart) OMAHA (DTN) -- … In addition, Tidman would also like to apply some lime to some of his acres this fall. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. 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, … Potash prices briefly dipped below $300 per ton in mid-2016. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. Lower fertilizer prices were an important source of crop budget improvements as commodity prices and farm incomes turned lower. Anhydrous ammonia, DAP, and Potash prices, Jan. 2015 to March 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). Fertilizer is a large expense category that is going in an unfavorable direction for producers. Outside of nitrogen, DAP (+7%) and potash (+11%) prices are also higher. 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. 2019 Fertilizer Price Outlook. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. Local fertilizer prices appear to be similar to last fall, he said. "DTN" and the degree symbol logo are trademarks of DTN. Consider urea in 2019 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. 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