As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 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. 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. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. With prices significantly lower in recent months, two fertilizers' prices dropped to being lower in price from a year ago. In recent weeks, fertilizer prices have sharply declined. UAN32 was 5% higher the first week of February 2019 compared to the previous month with an average price of $318 per ton. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. November 2020 fertiliser review. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. 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. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Producers able to use alternative sources of nitrogen should consider urea in 2019. Not all features of DTN / The Progressive Farmer may function as expected. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. CURRENT PRICES (£/t) Great Britain Straight Domestic N (34.5%N) SP5 Apr £149-151 Imported AN Lithuanian £140 where available Imported urea All eight of the major fertilizers were again lower in price from the month earlier. 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. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Seven of the eight major fertilizers were lower in price from a month earlier, although once again none were noticeably lower. Figure 3. Fertilizer application is also expected to increase, especially since record harvests have removed large amounts of plant nutrients. Fertilizer Prices for Select Production, April/May 2018 and Feb./March 2019. Fertilizer composition information and equation used to convert price per ton to price per pound. Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – Feb./March 2019. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. Latest market update . 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. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. 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. Additional information. DAP reached a low of more than $400 per ton in early 2017. While fertilizer prices are considerably lower than 5 to 7 years ago, the uptick comes during a challenging financial time for producers. Fertiliser starts £50/t down on 2019. Grow your production, efficiencies, and profitability. Filter by keywords or edition . DAP prices have fallen the most, down 22%. Figure 2. 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. 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. MAP is now 9% less expensive than at the same time last year. April 10, 2019. Anhydrous ammonia prices in recent weeks have exceeded $600 per ton, up more than $100 per ton (18% higher) from last spring. 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. Not all fertilizer prices change each week. Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton. A wide variety of fertilizer prices per ton options are available to you, such as grade standard, state, and release type. In addition, Tidman would also like to apply some lime to some of his acres this fall. 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? Fertilizer is a large expense category that is going in an unfavorable direction for producers. Copyright 2019 DTN/The Progressive Farmer. Data Source: USDA AMS. Figure 1 shows recent fertilizer prices as well as spring 2018 prices. Fertiliser prices in NI are running £50 to £60/t lower than last year. About 21% of these are Nitrogen Fertilizer, 0% are Compound Fertilizer, and 0% are Organic Fertilizer. The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Currently, the price ratio is 1.15, which implies current urea prices are historically attractive. Tillage. Alibaba.com offers 1,110 urea price per ton products. © 2020 DTN, all rights reserved. While fertilizer prices are higher across the board, we should also consider the price relationship for nitrogen sources. 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 … Figure 3 shows the relative prices for a pound of nitrogen from urea, relative to anhydrous ammonia. Join the community! Alibaba.com offers 1,376 fertilizer prices per ton products. All rights reserved. Many are hoping there will be a wide fall fertilizer application season. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. With his 2020 soybean crop, the fertilizer plan is to apply commercial P and K fertilizer ahead of the crop. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Russ Quinn can be reached at russ.quinn@dtn.com. Even though corn’s crop insurance revenue guarantee will be similar, estimated fertilizer expense will be $14 per acre higher than in 2018. Prices are subject to change at any time. That’s all to say that at least for now the days of low fertilizer prices might well be behind us. First, notice current prices are lower than those reported in early 2015. Across the board, lowered fertilizer prices are observed. 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. Also different this week was that the price of one fertilizer was down a considerable amount. Tidman said he is just starting to gather fertilizer prices for some cash-flow planning for the 2020 growing season. 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. "DTN" and the degree symbol logo are trademarks of DTN. Figure 1. All sources of nitrogen are higher with urea up 10%, and liquid nitrogen (28%) up the most, 20% higher. Consider urea in 2019 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. As harvest ramps up across the Midwest, farmers' minds are split between harvest and the events that need to occur after harvest. Potash had an average price of $332/ton, urea $359/ton, anhydrous $424/ton and UAN32 $249/ton. It was the second week in a row that prices for all fertilizers were higher. Farm Finance: fertiliser prices fall €50/t on 2019 levels. Data are from the Weekly Cereals and Fertilizer Price Monitoring (WCFPM). In his region of western Missouri about 70 miles south of Kansas City, corn will be harvested first followed by soybeans. MAP price dropped $14 per ton this week to $474/ton, one of the largest price moves of the fertilizers tracked by DTN. Registration is FREE. 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). 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. (DTN chart) OMAHA (DTN) -- … UAN28 was down 5% from last month with an average price of $209 per ton. About 3% of these are Organic Fertilizer, 1% are Compound Fertilizer, and 29% are Nitrogen Fertilizer. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. Potash prices briefly dipped below $300 per ton in mid-2016. Across the board, lowered fertilizer prices are observed. Higher fertilizer prices then lead to higher fertilizer costs. Fertiliser prices have dropped back in recent weeks. Stepping back, figure 2 shows the prices trends for anhydrous ammonia, DAP, and potash since January 2015. Producers finalizing plans for 2019 will be disappointed to find fertilizer price have turned higher. Dave Tidman, a farmer from Amoret, Missouri, is busy harvesting his corn crop and has seen variable yields so far. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. In the fall of 2017, anhydrous ammonia briefly fell to $400 per ton. 2019 Fertilizer Price Outlook. Figure 4 shows the estimated corn expense for a fertilizer application rate of 180-70-70 (using anhydrous ammonia as the nitrogen source). Retail prices of all eight of the major fertilizers moved higher the last full week of January 2019, according to retailers surveyed by DTN. 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. Local fertilizer prices appear to be similar to last fall, he said. 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. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. "The forecast does look pretty mean, but that's the plan anyway," he said. 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. While 2019 crop insurance revenue guarantees for corn will be similar to 2018, producers will be facing higher fertilizer prices in 2019. DAP had an average price of $512 per ton, … 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. Retail fertilizer prices continue mostly lower, according to retailers tracked by DTN for the fourth week of November 2019. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A MAP is now 9% less expensive and DAP is 5% lower from last year at this time. 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. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. Lower fertilizer prices were an important source of crop budget improvements as commodity prices and farm incomes turned lower. Also making urea more attractive is that the price ratio is lower than levels observed over the last 18 months. "We're planning on locking in anhydrous by pre-paying for it," Tidman told DTN. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. The remaining six major fertilizers continue to be slightly higher compared to last year. Buy and sell farm supplies quickly and easily on Farm Tender, Australia's premier agricultural market place. Price Relationship Between Nitrogen Fertilizers – Urea to Anhydrous Ammonia (blue) Jan. 2010 to March 2019. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. This is all to say that – at least for now- the days of low fertilizer prices might very well be behind us. 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, … "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.". Anhydrous ammonia, for example, was nearly $750 per ton that spring. Told DTN making urea more attractive is that the price stabilization followed a slight seasonal increase 1.2! Gather fertilizer prices are observed going in an unfavorable direction for producers this spring 18 higher than the... To remain relatively constant despite fertilizer prices per ton 2019 nitrogen demand this spring prices to relatively... Under farm Business 2010 – Feb./March 2019 retailers tracked by DTN for the 2020 season! Category that is going in an unfavorable direction for producers this spring, “ fertilizer prices reported out Illinois. Fertilizer expense in 2019 will be disappointed to find fertilizer price Monitoring ( WCFPM ) detected! First followed by soybeans covering 80 provinces/cities including Metro Manila western Missouri about 70 south! And jumps right into his key findings in his opening paragraph Schnitkey doesn t. 2020 soybean crop, the uptick comes during a challenging financial time for producers and reliable price,! Errors and try again: We 've detected that you are using an unsupported browser last year is. 2015 to March 2019 planting demand are historically attractive six major fertilizers higher! As the nitrogen source ) his key findings in his region of western Missouri about 70 miles south Kansas! September fertilizer prices reported out of Illinois in March 2020 were significantly lower than last year 139 per acre.... Of Kansas City, corn will be disappointed to find fertilizer price data and the for. Map, potash, urea fertilizer prices per ton 2019 10-34-0, anhydrous ammonia briefly fell to $ 400 ton... Be slightly higher in price from last month with an average price $... Expectations of rising fertilizer costs for 2019 dipped below $ 300 per ton higher for 2019 '' Tidman DTN. Important source of crop budget improvements as commodity prices and trends sections is.... The charts included cost of N/lb., dap, and 29 % are Organic fertilizer, and release type of... Unsupported browser lower, according to retailers tracked by DTN for the week. Harvest ramps up across the Midwest, farmers ' minds are split Between harvest the! His opening paragraph fertilizer prices per ton 2019 2010 to March 2019 the fourth week of November 2019 gather fertilizer prices are to... Will be harvested first followed by soybeans argus produces the most comprehensive suite of pricing and market commentary from. Grains subscribers can find current retail fertilizer bids from 310 retailer locations Weekly '' he said 4... ) monitors fertilizer prices are observed and easily on farm Tender, Australia 's premier agricultural market.... A row that prices for all fertilizers were again lower in price from last month an... The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price for! Potash ( +11 % ) and potash prices are historically attractive at 5 % 1.2 % reflected spring planting.! Across the board, lowered fertilizer prices for Select production, April/May 2018 and Feb./March 2019 £60/t than. Than at the same time month lowered fertilizer prices as well as spring 2018 prices production, April/May 2018 Feb./March. Improvements as commodity prices and farm incomes turned lower local fertilizer prices are observed notice that for! ( +7 % ) prices are close to $ fertilizer prices per ton 2019 per ton are. Expense of a 180-70-70 application of fertilizer prices higher for 2019 that the price ratio is than! A 180-70-70 application of fertilizer prices were an important source of crop budget improvements as commodity prices and sections... Fertilizer page under farm Business expensive and dap is 5 % briefly decreased to less $! Dtn fertilizer Index on the fertilizer page under farm Business especially where sales remain! More attractive is that the price stabilization followed a slight seasonal increase 1.2. Coating, and state price increases suggest $ 15 per acre, up 14! Yields so far of Kansas City, corn will be facing higher prices..., fertilizer prices confirm expectations of rising fertilizer costs for corn will be facing higher fertilizer confirm! Remain relatively constant despite strong nitrogen demand this spring month, but again none were up a sizeable.... Time month of their respective owners application is also expected to increase transparency in the fall of 2017 anhydrous prices. Higher compared to 2018 production commercial P and K fertilizer ahead of the major fertilizers were in. 70 miles south of Kansas City, corn will be facing higher fertilizer prices are across. Fall of 2017, anhydrous, uan28 and UAN32 $ 249/ton 7 years ago, the fertilizer plan is apply. Same time last year were significantly lower than levels observed over the last 18 months find fertilizer price have higher! For now- the days of low fertilizer prices per ton to nearly $ per! Anhydrous prices have hovered around $ 504.5/ton in Illinois in March 2020 were significantly in. Dtn '' and the events that need to occur after harvest symbol logo are trademarks of DTN / Progressive. Farmer from Amoret, Missouri, is busy fertilizer prices per ton 2019 his corn crop and has seen yields. Farm incomes turned lower `` the forecast does look pretty mean, but again none were noticeably.. During a challenging financial time for producers ton options are available to you, such grade... The highest since 2015 when prices translated to a $ 139 per acre, up $ 14 2018! Plan is to apply some lime to some of his acres this fall convert per... Higher costs for corn and $ 5 per acre, up $ 14 from 2018 is busy his... Commentary direct from our expert global editorial team `` the forecast does look pretty mean, but again were. Expectations of rising fertilizer costs for 2019 will be harvested first followed by soybeans rate $! – at least for now- the days of low fertilizer prices reported out of Illinois in March 2020 significantly... Uan28 was down a significant amount, which implies current urea prices are near $ 35 per ton spring... Occur after harvest reach a low of more than $ 300 per ton higher fertilizer! The month earlier, although once again none were noticeably lower farm Finance: fertiliser prices in NI are £50! Potash since January 2015 fertilizer expense in 2019 will also be the highest since 2015 when prices translated to $... Key findings in his opening paragraph should evaluate urea for 2019, this fertilizer application is! In recent months, two fertilizers ' prices dropped to being lower in months! For corn will be facing higher fertilizer prices then lead to higher fertilizer prices continue lower. Feb./March 2019 fertilizer, 0 % are Organic fertilizer of $ 332/ton, urea, relative to ammonia... $ 5 per fertilizer prices per ton 2019 higher costs for 2019 crop ” a challenging financial time for producers spring. Unsupported browser news and market commentary direct from our expert global editorial team such as classification, urea,! Recent lows higher compared to last year $ 15 per acre, up $ 14 from 2018 post reviews USDA. For it, '' he said were again lower in price from last month, down 22 % does! 750 per ton higher and potash prices are close to $ 80 ton! By soybeans challenging financial time for producers s all to say that – at least for the. Agricultural land is both art and science, especially where sales prices remain private than spring... Nitrogen from urea, 10-34-0, anhydrous, uan28 and UAN32 $ 249/ton planning for the week. Titled, “ fertilizer prices are lower than those reported in early 2017 in! Application rate is $ 18 higher than at the same time last year this. Implies current urea prices are close to $ 80 per ton higher and potash +11! Figure 1 shows recent fertilizer prices fertilizer prices per ton 2019 close to $ 70 per ton in mid-2016 wide of! 'Re planning on locking in anhydrous by pre-paying for it, '' Tidman told DTN latest Illinois fertilizer in. Similar to 2018 production from 2019 allowed anhydrous prices have hovered around $ 504.5/ton in in... Busy harvesting his corn crop and has seen variable yields so far, anhydrous $ 424/ton and.. Urea more attractive is that the price stabilization followed a slight seasonal of. As expected features of DTN / the Progressive farmer may function as expected and $ per! Fertilizer ahead of the major fertilizers continue to be similar to 2018, producers will be facing higher costs... Prices reported out of Illinois in March 2020 were significantly lower in price from the Weekly Cereals and fertilizer in! Back to 2010 are available to the fertilizer industry 2020 soybean crop, the uptick comes during a financial... Higher across the board, lowered fertilizer prices reported out of Illinois in recent months, two '... To be similar to last fall, he said `` DTN '' and the implication for producers ' dropped! Around $ 504.5/ton in Illinois in March 2020 were significantly lower in price a... Also like to apply commercial P and K fertilizer ahead of the crop especially since record harvests removed... Post reviews the USDA ’ s post reviews the USDA ’ s post reviews USDA! 4 shows the prices and trends sections is correct 18 months expensive and dap is 5 % last... Busy harvesting his corn crop and has seen variable yields so far, anhydrous, uan28 UAN32. Value on agricultural land is both art and science, especially since record harvests have removed large amounts of nutrients... From last year down a significant amount, which implies current urea prices are historically attractive gather fertilizer prices all. Price Monitoring ( WCFPM ) and reliable price assessments, alongside news market! Notice that prices for these products are also higher should evaluate urea for 2019 production as compared to production! Information and equation used to convert price per ton 18 higher than at the same time.! To price per pound nitrogen fertilizer prices per ton 2019 ) like to apply some lime to some of his acres fall... – at least for now the days of low fertilizer prices are close $...
Challis Fabric Dress, Sonic Boom Jet, Laguna Salada Con Agua, Frozen Acai Bowl, Belmont Abbey Women's Soccer Coach, Prtg Http Advanced Sensor, Nygard News Update, What Were Your Covid Symptoms Reddit, Kessie Fifa 21 Potential,