ALERT 8/2/2013: Farm Diesel & LP at Seasonal Lows

August 2, 2013 05:27 AM

Do not miss this week's blog titled "Word Around the Campfire: Pull the Trigger on Farm Diesel and LP". We take a close look at farm diesel, LP and natgas prices, and all three suggest now is the time to fill all or most of your fall needs. All the details are there, and check the Monitor for posted prices in your area.

Fertilizer prices are sliding and we expect that to continue through the next two or three weeks as retailers resupply for fall. This resupply will adjust pricing points to new lows. 'Hold' on NPK unless you get a deal you cannot refuse. Some states are at go-zone levels already, but we expect a little more downside movement. 'Hold' on fertilizer for this week.

Note that an earlier ALERT recommended some nitrogen purchases in select states. We stand by our advice to cover a portion of nitrogen in certain areas.

Take a closer look at farm diesel and LP and if upside potential in natgas pricing makes you nervous, consider booking some here as well.

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