Anhydrous Falls

February 18, 2013 02:44 AM

Anhydrous ammonia fell 50 cents last week in the Inputs Monitor Regional Index and with March not far off, it came as a welcome sight. But not all states enjoyed declines.

Ohio added $8.00 and Wisconsin NH3 was up $5.00 during the same period.

Growers in some states, however, may be positioned at-or-near a pricing window. The following is a chart of the twelve states in the Monitor Index, last week's anhydrous price and the current anhydrous price.

NH3 2/18/13 Previous Week Current Week Change
South Dakota
North Dakota

Kansas has seen a move to the downside with some locations reporting statewide lows of $765.00 per ton -- falling $12.00 during this report week.

North Dakota posts the next largest NH3 slide, dropping $5.00 per ton week-over followed by Minnesota which shed $3.00.

Indiana and Nebraska round out this week's stable of decliners moving $2.00 and $1.00 lower respectively.

I believe the three states who remain unchanged tip NH3 back into the buyer's window of consideration. Illinois, Michigan and South Dakota all paused in a $888.00 to $905.00 range. Ammonia stocks are loosening in the world market and dry western soils are raising questions about demand for springtime N. With so much potential residual Nitrogen already available in the soil for corn-on-corn, some growers are eyeing dry product as a substitute for the stubbornly high NH3 -- Urea is up this week, but only by 92 cents to $565.16 regionally.

A fifty-cent decline regionally is usually not enough to raise an eyebrow, but with Nitrogen throwing fits this year, some of these actual declines could be game changers for growers looking to fill spring needs in certain states. Remember to factor in any possible carryover Nitrogen -- your co-op agronomist can advise you about specifics in your own soil profile.

Kansas especially, but also North Dakota, Minnesota, Indiana and Nebraska all posted declines that outpaced regional declines in a nutrient that is high year-over. Prices may vary at your preferred retail location, but check in on anhydrous at your distributor and think about taking advantage of these late season declines.

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