Illinois Nutrient Basis Report -- 11/30/2012

November 30, 2012 06:17 AM
 

Inputs Monitor Illinois Composite basis stands at .71 in favor of the Inputs Monitor on a state-state comparison of local fertilizer prices. Regional nutrient basis composite at 1.3 for the report week ended November 26, 2012. The table below is a side-by-side comparison of nutrient prices paid reported by USDA and prices reported to your Inputs Monitor. Inputs Monitor's Illinois numbers and Inputs Monitor Regional Index numbers are compared separately to USDA findings.

State-state --

The widest basis in this Illinois comparison is again in UAN28 where USDA pegs the price per ton at $391.25; Inputs Monitor records a 3.04% difference below at $379.33. USDA price for Urea came in unchanged at $565.00 with Inputs Monitor Illinois pricing 4.3% above USDA at $591.00.

Farm Diesel .26% lower state-state with USDA at $3.72 and Illinois Inputs Monitor at 3.71.

Regionally --

When compared with the Inputs Monitor Regional Index total average for the week, basis stands at 3.54 in favor of the Inputs Monitor. DAP was up 4.1% to $657.83 compared to USDA's $631.33; Urea 3.03% above with USDA at $565.00 and Inputs Monitor at $582.66 regionally. Potash mostly stable with only a .71% spread in the Regional basis; USDA IL Potash at $599.87 to Inputs Monitor Regional Index $604.16.

USDA anhydrous price .36% above Inputs Monitor Regionally -- USDA at $869.40 to the Monitor's $866.25.

 
USDA, IL
+/- %
Monitor IL
Monitor Regional Index
+/- %
Anhydrous
$869.40
-.04
$869
$866.25
-.36
Urea
$565.00
+4.3
$591
$582.66
+3.03
UAN28
$391.25
-7.2
$363
$379.33
-3.04
DAP
$631.33
+1.3
$640
$657.83
+4.1
MAP
$650.60
+1.7
$662
$669.25
+2.7
Potash
$599.87
+1.4
$609
$604.16
+.71
Farm Diesel
$3.72
-.26
$3.71
$3.583
-3.6
Basis
 
+1.2
 
 
+3.54
Composite
3711.17
+.71
3737.71
3763.06
+1.3

(Prices for LP and UAN32 were omitted by USDA from their survey, and, therefore, do not appear in this analysis.)


 

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