Gainers outpaced decliners during the report week by a margin of 8.63 -- gainers added $10.30 to just $1.67 in declines. Inputs Monitor Regional Index Composite 0.96 points higher week-over -- a 0.20% gain to 461.771. Anhydrous fell slightly along with DAP and K but UAN solutions moved noticeably higher.
Anhydrous falls $0.75 to $881.33; UAN28 climbs $5.83 to $387.33; UAN32 also higher, adds $3.11 to $433.44; Urea increases just $0.42 to $565.75.
DAP moves another $0.42 lower to $643.91; MAP climbs $0.91 to $654.91.
Potash falls another $0.50 week-over to $583.66.
Farm diesel $0.027 higher to $3.587; LP gains $0.002 to $1.498.
| Nutrient/Fuel |
Previous week 2/18/13
|
Current week 2/25/13
|
Change
|
| Anhydrous |
$882.08
|
$881.33
|
-$0.75 |
| DAP |
$644.33
|
$643.91
|
-$0.42 |
| MAP |
$654.00
|
$654.91
|
+$0.91 |
| Potash |
$584.16
|
$583.66
|
-$0.50 |
| UAN28 |
$382.00
|
$387.83
|
+$5.83 |
| UAN32 |
$430.33
|
$433.44
|
+$3.11 |
| Urea |
$565.33
|
$565.75
|
+$0.42 |
| Farm Diesel |
$3.560
|
$3.587
|
+$0.027 |
| LP |
$1.496
|
$1.498
|
+$0.002 |
| Composite |
460.810
|
461.771
|
+0.96 |
Currently December 2013 corn futures are at $5.56 (as of 3/4/13 -- 9:30amCT). With 18% of expected new-crop revenue as our benchmark for primary price resistance, your total NPK should add up to $152.92 per acre. Anhydrous emerges as the least expensive form of Nitrogen, averaging regionally right around $0.55/per pound of N.
The table below gives current pricing per pound based on Nitrogen content for Anhydrous, Urea, UAN28 and UAN32. As an example (in bold below), if a grower in Illinois applies N at 200lbs/acre, current Urea pricing at $0.60/lbN would add up to $120.00 per acre for Nitrogen.
|
Nitrogen pricing by pounds of N
|
Anhydrous $N/lb
|
Urea $N/lb
|
UAN28 $N/lb
|
UAN32 $N/lb
|
| Iowa |
$0.52
|
$0.66
|
$0.68
|
$0.66
|
| Illinois |
$0.54
|
$0.60
|
$0.66
|
$0.67
|
| Indiana |
$0.55
|
$0.63
|
$0.71
|
$0.73
|
| Wisconsin |
$0.54
|
$0.60
|
$0.70
|
$0.67
|
| Minnesota |
$0.54
|
$0.62
|
$0.70
|
$0.67
|
| South Dakota |
$0.54
|
$0.61
|
$0.71
|
$0.69
|
| North Dakota |
$0.52
|
$0.61
|
$0.68
|
not reported
|
| Nebraska |
$0.50
|
$0.63
|
$0.64
|
$0.64
|
| Missouri |
$0.53
|
$0.62
|
$0.71
|
$0.66
|
| Kansas |
$0.50
|
$0.62
|
$0.64
|
$0.66
|
| Ohio |
$0.57
|
$0.64
|
$0.70
|
not reported
|
| Michigan |
$0.55
|
$0.63
|
$0.70
|
not reported
|
(North Dakota, Ohio and Michigan do not report a UAN32 price.)
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