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