Only briefly, in late 2017, did prices fall to $400 per ton. The $504 per ton price in 2016 results in a nitrogen fertilizer costs of $52.24 per acre. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Jan. 2010 – Sept. 2019. Chart created by Agriculture Economic Insights. Select Fertilizer Prices, Anhydrous Ammonia, DAP, Potash. Most recently, the average September prices were an expense of $99 per acre. Will fertilizer prices go higher, again, at the prospects of even larger 2020 corn acreage? The costs savings for anhydrous ammonia then is $10.36 per acre. Ensuring fertilizer safety requires standardized Codes of Practice and a coordinated effort among all industry stakeholders. Fertilizer prices were mixed but higher overall. Second, the price ratios can adjust in two ways: anhydrous price could increase, or urea and 28% prices could decline. Relative Unit Nitrogen Prices, Urea/NH3, 28%/NH3. The costs of 207 pounds of anhydrous ammonia is $41.88 per acre when a $404 per ton anhydrous ammonia price is used to represent 2017 prices. More specifically, the sharp price decline in anhydrous ammonia warrants a look at relative prices. P and K Supplies . Vernon by $20 in March, bringing them to $190/t FOB. Most recently, price have been closer to $400 per ton. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. Right now, prices for urea, phosphate, and anhydrous ammonia (nitrogen) are inside the lower third of the five-year average price range. Most recently, prices have been closer to $400 per ton. The last time the U.S. planted more than 95 million acres of corn was in 2012 and 2013. Reported Illinois Farm Diesel Fuel Price, Jan. 2010 – Mar. You can also click here to visit the archive of articles – hundreds of them – and to browse by topic. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. Fertilizer prices dramatically increased last Spring. Looking at the data over a longer time frame, figure 3 shows the prices of anhydrous ammonia, DAP, and potash since January 2010. Kansas fell $7.27 to lead declines with Minnesota and Illinois each off around 50 cents per short ton. Full Privacy & Non-Discrimination Statements. Anhydrous ammonia prices are currently around $850 per ton, with uncertainty about prices in the spring of 2013. Fertilizer prices have fallen from their highs during the farm economy boom. About 0% of these are Nitrogen Fertilizer. U.S. producers are positioned to plant the second-largest corn crop in modern history, but you wouldn’t notice by glancing at fertilizer prices. The report includes country-wise and region-wise market size for the period 2015-2026. Figure 2. Our Nutrient Composite Index (NCI) firmed 2.10 points this week to 530.28. Anhydrous ammonia has a clear cost per unit advantage when considering only the nitrogen. Figure 3, which considers the price per pound of nitrogen applied, shows the prices of urea and liquid 28% relative to anhydrous ammonia. Change in Reported Illinois Fertilizer Prices, March 2020 compared to April-May 2019. Nitrogen Nitrogen prices were mostly higher with anhydrous ammonia once again leading gains. Downstream fertilizer demand and consumption by chemicals users is expected to remain steady for the remainder of the year. The Anhydrous Ammonia Fertilizer market is analysed and market size information is provided by regions (countries). While demand from India increased at a … Annual Estimated Corn Fertilizer Expense (180-70-70), IL Spring Prices (Avg. There are positives and negatives for falling ammonia prices. Figure 5. Permalink. Ammonia prices fell primarily due to lower natural gas costs. To do this, we estimate the per acre expense of an example corn rate of 180-70-70 [1] using spring prices (Figure 4). Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. We offer the following regional Ammonia analysis and news coverage to keep you informed of factors and developments affecting prices in the US Ammonia marketplace. Estimated price was $185 per ton below the actual price in 2014, $203 per ton in 2015, and $103 per ton in 2016. USDA data shows anhydrous ammonia prices in Illinois went from $500 per ton to $600 per ton at the beginning of 2019. The price relationship for liquid 28% (in red) has also jumped in recent weeks. By 2017, this fell to $101 per acre. Alibaba.com offers 823 anhydrous ammonia fertilizer price products. Large divergences occurred in 2014, 2015, and 2016. Source: David Widmar, Agricultural Economic Insights. CF dropped its river terminal prices at Cincinnati, St. Louis, and Mt. In September, the price ratio was 1.54, above the long-run average of 1.36. Learn more about this ‘A++’ (Superior) Ranked Insurer. Click here to subscribe to AEI’s Weekly Insights email and receive our free, in-depth articles in your inbox every Monday morning. Anhydrous ammonia was the sole decliner in our 12-state survey this week. In most cases, fertilizer prices are at or near their lowest levels in more than a decade. Jan. 2010- March 2020. As 2020 comes into focus, fertilizer will likely be a great source of uncertainty and variability in crop budgets. Jan. 2015 – Sept. 2019. Jan. 2015 – Sept. 2019. Pricing information. Since the 2016-2017 lows, prices have trended higher. Producers should also consider the relative cost of various nitrogen sources. Potash prices reached lows of $300 per ton in 2016. Compared to last spring, reported farm diesel prices are 71 cents per gallon lower, or down 27%. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Set Corn and Nitrogen Prices Anhydrous Ammonia (82% N) UAN (28% N) UAN (32% N) Urea (45% N) Ammonium Sulfate (21% N) Nitrogen Price Anhy-drous ammonia price advantages can vary but the average difference is about $0.12 per pound of N over the cost of urea. Furthermore, current prices reflect the lowest fertilizer expense observed in more than a decade. Anhydrous ammonia is a highly effective fertilizer that helps farmers feed our growing population and replenish nutrients in the soil. Cattle on Feed Catch Up to 2019; Likely to Tighten in 2021, Prepare for Surging Feed Costs in 2021 — Economist, Holiday Wishes from the ProAg Team to Yours. This price advantage of anhydrous ammonia over urea can vary somewhat as shown … Two caveats are worth noting. Anhydrous ammonia has several advantages, including its relatively easy application and ready availability. We use cookies to provide you with the best experience and functionality on our website. Data Source: USDA AMS. 2020. Previously, the low of $97 per acre was observed in 2017. Over time, they have followed a similar price trend, and all three products have seen prices fall from spring highs. Global ammonia prices weakened in May as the market continued to suffer from oversupply. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. This week’s post reviews the latest fertilizer price data. Across the board, lowered fertilizer prices are observed. Potash prices reached lows of $300 per ton in 2016. Anhydrous ammonia hit its low of $400 per ton in late 2017. Settings for cookies can be changed at any time within your browser. In recent weeks, however, prices have moderated as the expense of a 180-70-70 rate has fallen more than $20 per ace. Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – March 2020. A slowdown in global production combined with increasing demand in East Europe resulted in an upward price shift. In recent weeks, fertilizer prices have sharply declined. of April – May) and Fall 2019. Whether future fertilizer prices remain low hinges on supply and demand, he adds. An ag economist says fertilizer prices have decreased significantly since spring with anhydrous ammonia leading the drop. This is large price swing. Data Source: USDA AMS. Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. Data Source: USDA AMS. Illinois Production Cost Report (Bi-weekly) Production costs items state wide: cash prices bulk, FOB distributor, per ton unless otherwise stated. Nitrogen. … CRU's Prices service for fertilizers updates key price assessments every Thursday, covering urea, nitrates, ammonia, phosphates, potash, sulphur and sulphuric acid in one offering. Global Anhydrous Ammonia Fertilizer Market: Regional Analysis. “From 2010 to 2019, global phosphate production has increased 11 million tons per year, from 60 million to 71 tons per year,” McLellan says. From 1984 to 2013, actual and estimated ammonia prices follow each other, indicating that changes in anhydrous ammonia prices followed changes in corn and natural gas prices. Demand for fertilizer typically dips in the fall, but nutrient prices have been driven lower than normal. Price reporting. ProAg and USDA are an equal opportunity provider and employer. If not the fertilizer producer has an economic incentive to sell the ammonia instead of producing urea. As a result of anhydrous ammonia prices falling sharply in recent weeks, urea and 28% prices are historically high relatively to anhydrous. Data Source: USDA AMS. First, the relative prices shown in Figure 3 only consider the price of the product. All forms of nitrogen fertilizers were at least 10% lower. Anhydrous Ammonia. With fieldwork and spring planting getting underway, lower fertilizer prices are a welcome improvement. Liquid (28%) Fertilizer (Two rates of each)-Corn Mick Minchow Private Industry Cooperator: Mike Williams-OBJECTIVE: To determine and document the profitability of anhydrous ammonia fertilizer versus Liquid (28 %) fertilizer at two application rates. That said, anhydrous ammonia prices have fallen the most (-22%), while urea (-8%) and liquid 28% (-10%) have seen smaller adjustments. DAP prices have fallen the most, down 22% (Figure 2). In recent weeks, fertilizer prices have sharply declined. We hope you will continue the conversation with us on Twitter and Facebook. Figure 2. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Only briefly, in … A member of the Tokio Marine HCC group of companies. While the ratio has moved in recent weeks by the large drop in anhydrous prices, it is never clear how the price ratio will adjust moving forward. Lower fertilizer expenses for corn production also limited soybeans’ appeal in 2020. One of them will be the perspective of a 97 million-acre corn crop – one of the largest in modern history- with some of the lowest fertilizer prices in a decade. U.S. Gulf/Tampa: The Tampa anhydrous ammonia price continued to be called $215/mt CFR, with the NOLA barge market quoted at $200/st FOB. Also included is the expense using the average prices in September 2019. We are offering anhydrous ammonia of purity ranging While anhydrous ammonia is the highest price per ton, when we look at the Price/lb Nitrogen graph, you can see that anhydrous ammonia remains the cheapest price per pound of nitrogen. Data Source: USDA AMS. Figure 2 shows the reported prices for anhydrous ammonia, urea, and liquid 28%. The increase from $400 per ton last fall to more than $500 per ton most recently is roughly a 25% increase ($100 increase on $400 per ton). As shown in figure 1, anhydrous ammonia was price around $500 per ton last spring but fell to nearly $400 per ton last fall. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). Eastern Cornbelt: Prompt or fill ammonia tons were quoted at $340-$350/st FOB in the Eastern Cornbelt at mid-month, with fall prepay offers reported in the $385-$390/st FOB range. By the end of March, the most recent data, prices fell to an average of $1.74 per gallon. Since the 2016-2017 lows, prices have trended higher. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Prices remained mostly unchanged until late summer. Figure 4 shows the average spring expense of this fertilizer rate since 2010. A colder winter and more corn plantings likely will lead to higher prices and vice versa. NOLA UAN 32% barge prices were reported at $165-$170/t FOB at the end of March, down $10 from late February. The Iowa Average Propane and Diesel Fuel Prices graph also shows a steady decline in farm diesel fuel prices to the current Iowa average price of $1.39, and propane price per gallon holding … Our Nutrient Composite Index firmed 2.93 points to 606.18. After anhydrous ammonia spent most of 2018 around $500 per ton, prices jumped to more than $600 per ton in early 2019. Emerging spot interest from Turkey and China has not influenced prices. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. Figure 1 shows the average prices of anhydrous ammonia, DAP, and potash in Illinois, as reported by the USDA, since January 2015. Between 2011 and 2013, the example fertilizer rate had an expense of $160 per acre. That was when fertilizer expense was nearly $160 per acre. Will anhydrous prices in Illinois again jump above an average of $600 per ton. In those years, the estimated prices were below actual prices. Product Offer Average Change Anhydrous ammonia 400.00-552.00 475.58 UP 25.08 Urea 46-0-0 350.00-375.00 365.00 UNCH Liquid Nitrogen 28% spread 192.00-245.00 221.93 UP 3.43 DAP(Diammonium … Another data set collected and reported by the USDA’s Illinois report are farm diesel fuel prices. In recent weeks, the price ratio reached an average of 1.39 in September, meaning urea prices are historically high relative to anhydrous ammonia. Fertilizer prices were mostly higher with the single exception of anhydrous ammonia. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Figure 4. Select Reported Illinois Fertilizer Prices, Anhydrous Ammonia, DAP, Potash. The top countries of supplier is China, from which the percentage of anhydrous ammonia fertilizer supply is 100% respectively. Anhydrous Ammonia Fertilizer vs. Prices are 27% higher than last year. In the week’s post, we review 2020 fertilizer prices and the trend of lower prices. The insurance products described by Producers Ag Insurance Group® and its subsidiaries (“ProAg®”) may not be a complete list of all products offered and may not be offered in all states. As producers planned to expand corn acreage in 2019, fertilizer prices soared to the highest levels since 2015. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Anhydrous ammonia is an efficient and widely used source of nitrogen fertilizer. Ammonia Prices NH3 commercial or fertilizer grade (99.5% minimum purity, maximum water content of 5000ppm); refrigeration grade (99.98% minimum purity, maximum content of 150ppm); and metallurgical grade (99.99% minimum purity, maximum water content of 33ppm). Phosphate (P) supplies are being aided by new technologies to extract previously unavailable phosphate. 128 anhydrous ammonia fertilizer products are offered for sale by suppliers on Alibaba.com A wide variety of anhydrous ammonia fertilizer options are available to you, There are 2 suppliers who sells anhydrous ammonia fertilizer on Alibaba.com, mainly located in Asia. Anhydrous prices increased 6%, or $29/ton, from last month, with retail prices averaging $517/ton. Since 2015, anhydrous ammonia prices have ranged from a higher of more than $700 per ton to a low of $400 per ton. For this, we assumed the nitrogen source was anhydrous ammonia. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Other factors – such as application costs, timeliness, logistics, etc. Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system. Rural Broadband Access Expanding; Major Gaps Remain, second-largest corn crop in modern history, Lower fertilizer expenses for corn production also limited soybeans’ appeal. Figure 3. By continuing to use the site, you are agreeing to our use of cookies. Furthermore, corn production in 2012 and 2013 was being pulled by strong usage and higher prices (here and here). The urea price, adjusted for the relative nitrogen content, must reflect a sufficient margin above the ammonia price to cover the cash cost of upgrading the ammonia. Only briefly, in late 2017, did prices fall to $400 per ton. The prices have fallen to the lowest levels since April 2009. Data Source: USDA AMS. Broadly speaking, prices reached their lows between 2016 and 2017. To file a complaint of discrimination, write: USDA, Office of the Assistance Secretary for Civil Rights, 400 Independence Avenue, SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users). USDA is an equal opportunity provider and employer. Ammonia news and market information products from ICIS. In other words, a pound of nitrogen from urea costs, on average, 1.22 times a pound from anhydrous ammonia. Anhydrous ammonia hit its low of $400 per ton in late 2017. In 2019, the spring price equated to an expense of $120 per acre – the highest since 2015 but well below 2011-2013 levels. Figure 1. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). Figure 3. Fertilizer outlook Ammonia prices recovered last month, especially in Europe. While prices are near – or at- their lower levels in a decade, it can be helpful to consider the implication on a per-acre basis. More recently, prices are again around $500 per ton. This result, not surprisingly, is due in part to the sharp anhydrous ammonia price decline. The main application of Ammonia is in nitrogen fertilizers, followed by the synthesis of nitric acid. Learn more about this ‘A++’ (Superior) Ranked Insurer. Ready availability has a clear cost per unit of actual N for select-ed fertilizers are shown in figure 1 fertilizer... 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