Expect Higher Fertilizer Prices

Expect Higher Fertilizer Prices
While crop prices remain low, fertilizer prices are trending upward. Based on August and September data, the University of Illinois indicates fertilizer prices will continue to increase for the 2019 season. In total, economists expect $15 per acre higher fertilizer costs in corn and $5 per acre higher costs in soybeans. This price increase puts an end to fertilizer price declines that began in 2012.

Anhydrous Ammonia

In August 2018, anhydrous averaged $512 and in September, $496. Gary Schnitkey, University of Illinois economist, says August prices are $62 higher than July 2017 at $450 per ton and $94 higher than September 2017 at $402. August and September 2018 prices are high at $533 and $502 per ton. The 2019 forecast is $80 per ton higher than 2018.

Anhydrous Ammonia

Diammonium Phosphate (DAP)

Keeping with the trend, August and September 2018 DAP prices are higher than 2017. August 2018 hit $488 per ton, $55 per ton higher than the same time a year ago. September prices are $80 per ton higher than 2017. The August 2018 average price was $528 per ton and September, $535. DAP prices are $70 per ton higher for 2019 versus 2018.

Diammonium Phosphate (DAP)

Potash

Potash will likely be $35 per ton higher in 2019. At $354 per ton in August 2018, potash is $29 per ton higher than the August 2017 average. September continued the trend at $357 per ton, $37 per ton higher than 2017. Like DAP and anhydrous, prices are below the 10-year average.

Potash  

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