OMAHA (DTN) -- Average retail prices for all but one of the eight major fertilizers were lower the second week of August 2017 compared to a month earlier, according to fertilizer retailers surveyed by DTN.
The average price of 10-34-0 was $440 per ton the second week of August, up 2% from $431 the second week of July.
Prices for all other major fertilizers were lower from the previous month, with anhydrous showing the largest drop. The nitrogen fertilizer had an average price of $419 the second week of August, down 7% from $451 the second week of July.
UAN28 also showed a fairly significant drop in price from the previous month. The fertilizer had an average price of $224 the second week of August, down about 5% from its average price of $235 the second week of July.
The remaining five major fertilizers all saw smaller price declines from the previous month. DAP had an average price of $434/ton, MAP $462/ton, potash $339/ton, urea $311/ton and UAN32 $258/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.34/lb.N, anhydrous $0.26/lb.N, UAN28 $0.40/lb.N and UAN32 $0.40/lb.N.
Prices for all retail fertilizers are lower compared to a year earlier. Five of the eight major fertilizers are double digits lower.
Anhydrous is 20% lower than a year ago, 10-34-0 is 17% lower, UAN32 is 14% lower, UAN28 and urea are both 10% lower, DAP and MAP are both 4% lower, and potash is about 2% lower.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
DTN's average of retail fertilizer prices from a month earlier ($ per ton):