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- DTN Headline News
DTN Retail Fertilizer Trends
Tuesday, April 15, 2014 10:57AM CDT

By Russ Quinn
DTN Staff Reporter

OMAHA (DTN) -- Retail fertilizer prices are continuing to rise, according to retail fertilizer prices tracked by DTN for the second week of April 2014. This marks the eighth consecutive week all retail fertilizer prices edged higher. Besid the normal seasonal demand prior to planting, some regions of the country also are blaming rail delays for price increases.

Anhydrous jumped 8% compared to a month earlier. The nitrogen fertilizer had an average price of $675 a ton. In January, it averaged about $615 per ton.

The phosphorus fertilizers were also higher in price once again, up 5% compared to a month earlier. DAP averaged $585 a ton and MAP was at $606 a ton. This is the first time MAP has been above $600 a ton since the second week of August 2013 when it was $607 per ton.

The remaining five fertilizer prices were higher but the shift to the high side was fairly minor. Potash had an average price of $475/ton, urea $548/ton, 10-34-0 $516/ton, UAN28 $352/ton and UAN32 $398/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.60/lb.N, anhydrous $0.41/lb.N, UAN28 $0.63/lb.N and UAN32 $0.62/lb.N.

In last week's column, Ashley, N.D., fertilizer retailer and farmer Mark Rohrich discussed seasonal logistics, which were making fertilizer prices climb. He specifically mentioned railroad delays as a factor in higher fertilizer prices in the Northern Plains.

Rohrich is not the only one from the Peace Garden State with major issues from railroad delays affecting fertilizer shipments and costs. David Kjelstrup, an Underwood, N.D., farmer, said rail problems are having a huge effect on agriculture in the state.

"Urea is going high because of transportation (delays), in fact some suppliers are telling their pre-paid customers they can't deliver the fertilizer," Kjelstrup told DTN. "We have ours in bins on the farm."

Kjelstrup said the rail delays are also affecting the flow of grain in North Dakota. Most elevators are still full of grain as are farmers' bins in the country. While not a serious issue now, it could be if this is still the case in four months.

"I've heard that BN (Burlington Northern Railroad) will not be caught up soon," he said. "I personally can't move my sunflowers because Cargill can't move the oil as they are full, waiting on rail cars."

Although fertilizer prices have rebounded in recent months, five of the eight major fertilizers remain double digits lower in price compared to April 2013.

Urea is down 4%, DAP is 5% less expensive and MAP is 8% lower. UAN32 is now 11% lower while UAN28 is 13% less expensive and 10-34-0 is down 16%. Potash is 19% less expensive and anhydrous is 21% lower than a year earlier.

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 Nov. of 2008 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.

DTN's average of retail fertilizer prices from a month earlier ($ per ton):

DRY
Date Range DAP MAP POTASH UREA
May 6-10 2013 612.69 656.16 586.47 571.07
June 3-7 2013 602.83 646.22 581.93 560.16
July 1-5 2013 597.94 643.86 577.25 545.18
July 29-Aug 2 2013 582.11 609.98 559.54 506.19
Aug 26-30 2013 564.50 594.24 531.41 481.92
Sep 23-27, 2013 532.86 571.04 499.91 444.32
Oct 21-25, 2013 524.01 565.63 491.41 441.67
Nov 18-22 2013 515.37 557.97 485.50 438.19
Dec 16-20 2013 497.65 533.70 480.02 447.94
Jan 13-17 2014 493.34 519.89 471.73 465.01
Feb 10-14 2014 527.78 553.92 470.46 508.67
Mar 10-14 2014 558.45 577.13 473.87 533.23
Apr 7-11 2014 584.87 605.54 475.15 548.32
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
May 6-10 2013 614.17 853.01 401.79 449.48
June 3-7 2013 608.41 828.74 394.85 445.72
July 1-5 2013 601.03 806.32 389.70 441.98
July 29-Aug 2 2013 592.25 716.48 367.74 416.53
Aug 26-30 2013 552.44 685.34 343.52 386.94
Sep 23-27, 2013 524.99 653.70 325.42 369.09
Oct 21-25, 2013 523.89 653.54 323.15 367.11
Nov 18-22 2013 517.32 643.75 320.18 365.16
Dec 16-20 2013 509.31 632.82 317.84 363.29
Jan 13-17 2014 504.00 614.97 320.62 366.78
Feb 10-14 2014 505.05 619.93 338.07 383.38
Mar 10-14 2014 514.72 626.75 345.11 391.51
Apr 7-11 2014 516.49 675.28 351.74 397.89

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

Follow Russ Quinn on Twitter @RussQuinnDTN

(SK)


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