To take advantage of those lower fertilizer costs, farmers may want to work with retailers to order products early. In the case of phosphates, barring another record-breaking wet spring, we see no way that prices can be sustained at the level seen at the end of 2019, and if the past is any guide, they will snap back sharply. In its monthly update, Strategie Grains lowered the projection for the 2020/21 EU soft wheat crop by 300,000t to 129.6mln t, whilst citing a heavier outlook for 2021/22 following the tight 2020/21 season. EASTERN EUROPEAN AN/CAN MARKET REVIEW. Previously, the low of $97 per acre was observed in 2017. * Signed Contracts due at time of booking. “Anhydrous ammonia is down the most, about 14%. Urea had an average price of $358 per ton, 10-34-0 $455/ton, anhydrous $422/ton, UAN28 $207/ton and UAN32 $249/ton. October 23, 2020 October 28, 2020 Fall is often a time when farmers think about pre-purchasing or putting down some fertilizer in order to save a buck and some time in advance of the coming year. North Carolina Wheat: Post-Emergence Control of Italian Ryegrass – Video In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne Now is a good time to buy phosphate fertilizer, say industry experts. Price Lower in 2020. Potash had an average price $332 per ton, down $6; urea $358/ton, down $4; 10-34-0 $456/ton, down $1; anhydrous $424/ton, down $1; UAN28 $209/ton, down $3; and UAN32 $249/ton, down $1. Grow your production, efficiencies, and profitability. See the latest happenings in the Fertilizer swaps and futures markets offered by CME Group, including volume and open interest updates, in our October 2020 update. There is also very little fieldwork done in the fall. DAP had an average price of $466/ton, up $11; urea $361/ton, up $3; 10-34-0 $463/ton, up $8; UAN28 $210/ton, up $3; and UAN32 $253/ton, up $4. World demand for fertilizer nutrient use, 2015-2020 (thousand tonnes) Despite no fall fertilizer application season, Batie said in his operation he is set up to apply fertilizer quickly in the spring. It’s the second week in a row that all eight major fertilizers were higher than the previous month. In its monthly update, Strategie Grains lowered the projection for the 2020/21 EU soft wheat crop by 300,000t to 129.6mln t, whilst citing a heavier outlook for 2021/22 following the tight 2020/21 season. Putting a value on agricultural land is both art and science, especially where sales prices remain private. Dry fertilizer spreader. “It’s legal to apply after a certain point in the fall here, but nobody does.”. Across the board, lowered fertilizer prices are observed. Average Farm Input Prices for Alberta. The average retail price of anhydrous the third week of November 2020 was $422 per ton, $2 lower than a month ago. Since 2004 our reports have been provided to fertilizer market professionals across the world. MAP had an average price of $522/ton, up $34; potash $360/ton, up $24; and anhydrous $450/ton, up $28. Nitrogen Chemicals of Zambia (NCZ) has assured farmers that high fuel price will not affect fertilizer prices this year. This has played out most significantly in Brazil and India, two of the top-three biggest importers in the globe for the last five years. "DTN" and the degree symbol logo are trademarks of DTN. “Expect improved demand and limited new capacity (to) lead to a tighter supply/demand balance in 2020 and over the medium term.” The government of Pakistan has decided to reduce urea prices by Rs 400 per bag. Not all features of DTN / The Progressive Farmer may function as expected. OMAHA (DTN) -- A two-month-old trend continued in the final week of October: A majority of retail fertilizer prices declined, according to retailers surveyed by DTN. Fertilizers provide important nutrients to crop for its healthier growth. Figure 2. FOB Fertilizer Prices – Increasing Steadily Since Mid-2017 .....12 Figure 3. “U.S. 2020 farm income is on track to rise 43% above 2019 as crop prices surged and the government increased aid. 10-34-0 is 1% less expensive, urea is 4% lower, potash is 5% less expensive, anhydrous is 8% lower, UAN32 is 9% less expensive and UAN28 is 12% lower from last year at this time. Global fertilizer prices & market analysis Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. Figure 1. Product can be used this fall or next spring. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Overall, fertilizer prices peaked between 2012 and 2014, before trending lower. Three fertilizers were up a significant amount, which DTN designates as 5% or more. The other significant influence on global fertilizer prices is the price of fossil fuels, in particular natural gas. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). In the case of phosphates, barring another record-breaking wet spring, we see no way that prices can be sustained at the level seen at the end of 2019, and if the past is any guide, they will snap back sharply. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Last week, Dow Jones reported fertilizer prices are likely to be higher on average in 2021. Please correct the following errors and try again: We've detected that you are using an unsupported browser. 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