ALERT 5/28/2013: Scattered Declines Offer Opportunity

May 28, 2013 05:16 AM
 

application514Nutrient moved generally lower in this week's Inputs Monitor Regional Index, but some declines were more generous than others. While the average rate of decline was in the $4 neighborhood, the following breakout moves could signal bargains in your area.

For a discussion of the relationship between corn pricing and knowing when to forward book inputs, read last week's blog from your Inputs Monitor, "The Perfect Time to Book Inputs: Butter First, Then Bullets."

Nitrogen --

Illinois anhydrous fell $27.83 to $865.75/short ton -- $4.25 below the regional average.

South Dakota anhydrous fell $8.57 to $888.93. That figure is still $18 above regional pricing, but the week-over decline is worth noting.

Phosphate --

Wisconsin DAP moved $13.76 lower week-over to $602.24 -- well below the regional average of $634.06.

Missouri DAP also fell, dropping $11.13 to $624.37 -- $9.69 below the regional average.

Illinois MAP fell nearly as strongly as anhydrous in that state, shucking $24.07 to $632.50/st -- $20 below regional.

Potassium --

South Dakota potash scores here as well moving a robust $23.64 lower week-over to $585.44 -- again, still above the regional average, but only by $4.65.

 

*Check with your preferred retailer as prices may vary.


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