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Inputs Monitor Regional Index: Nutrient Chases Corn Futures Lower

July 8, 2013
By: Davis Michaelsen, Pro Farmer Inputs Monitor Editor

Nutrient and fuels softened across the board as resupply and meager demand force prices lower. Declines ran the table posting $21.17 in declines to gains' goosegg.

 

Declines of Note --

A round of resupply has begun at many major suppliers and fresh pricing points have been set in some locations. Other locations are anxious to move what product they have left and have priced accordingly. We see an opportunity to fill a portion of fall nutrient at the present time. Check your local pricing against the table below -- which now includes the year-over price.

Missouri led the downward charge declining $50.00 in UAN32 to $410.00, $25.27 in Urea to $549.14, $17.06 in Potash to $555.32, $15.21 in DAP to $608.15, $13.43 in Anhydrous to $811.14 and 13 cents in Farm diesel to $3.22.

Indiana moved boldly lower shucking $21.54 from the Anhydrous price to $882.33 -- still roughly $30 above the regional average. Indiana Urea down $12.61 to $568.15, Potash $9.53 lower to $577.80 and Hoosier LP fell 11 cents to $1.49. These are some sizable declines but all but potash remain above the regional average. This is typical for the Eastern Belt as prices tend to run slightly higher in that area.

North Dakota posted declines in UAN28 and Anhydrous with 28% falling $20.00 even to $390.00 and Anhydrous shedding $11.81 to $849.62.

Other declines of note include a 17 cent slide in the price of Wisconsin LP to $1.22 and a 14 cent drop in Wisconsin Farm diesel to $3.23. Both of these are below the regional average.

Gains of Note --

The only real gain of note was a $12.43 move to the upside in Nebraska Potash. That puts NE K at $620.18 -- $41.23 above the regional average.

Futures -- ZCZ137 8

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COMMENTS (1 Comments)

- Clarion, IA
I just got my bill for my side dress NH3 and it was $748 picked up using their bar.
8:34 PM Jul 9th
 



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