The average retail price of all eight major fertilizers tracked by DTN declined for the third week in a row, with half of the fertilizers posting significant moves lower.
DTN surveyed sellers during the fourth week of July and considers price changes of 5% or more from the previous month to be significant.
Anhydrous retains its leadership in the decline of retail prices. Its average price is 8% less than last month at $691/ton. For perspective, anhydrous was 52% more expensive last year, at $1431/ton.
The average price of urea and UAN32 each fell by 6% from last month to $581/ton and $442/ton, respectively.
MAP prices dropped by 5% to $1041/ton.
The average price of the remaining four fertilizers also declined from last month. DAP cost $795/ton; potash, $594/ton; 10-34-0, $715/ton; UAN28, $383/ton.
On a price pound of nitrogen basis, the average urea price was at $0.63/lb.N, anhydrous $0.42/lb.N, UAN28 $0.68/lb.N and UAN32 $0.69/lb.N.
Source: iowacorn.org
Photo Credit: gettyimages-artqu
Categories: Iowa, Crops