Inputs Monitor Illinois Basis Analysis - 9/17/12

September 17, 2012 11:47 AM
 

Inputs Monitor Illinois basis stands pat at $3.67 on a state-state comparison of local fertilizer prices. Regional nutrient basis lower week-week at $1.08 for the week ended September 14, 2012. The table below is a side-by-side comparison of prices 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.

The widest basis in this Illinois comparison is again in UAN28 where USDA pegs the price per ton at $372.67; Inputs Monitor records a 12% difference to the high side at $420.00. Anhydrous USDA price came in unchanged at $829.17 with Inputs Monitor Illinois pricing index off by -2% at $819.00.

When compared with the Inputs Monitor Regional Index total average for the week, basis falls to $1.08 to the good. DAP was up 4% to $641.75 compared to USDA's $617.50; MAP up 2.5% with USDA at $630.00 and Inputs Monitor at $645.00 regionally. Potash mostly stable with only a 3% uptick in the Regional basis; USDA IL Potash at $593.33 to Inputs Monitor Regional Index $606.67.

Farm Diesel up 4% state-state with USDA at $3.70 and Illinois Inputs Monitor at 3.84. The gap narrows when USDA Illinois is compared to Inputs Monitor Regional Index which puts the price only 1% over USDA at $3.68.

8/31/12 USDA vs Monitor USDA, IL Inputs Mon., IL
+/- %
Inputs Mon., Index
+/- %
Anhydrous
$829.17
$819
-2%
$822.60
-1%
UAN28
$372.67
$420
+12%
$362.73
-3%
DAP
$617.50
$626
+4%
$641.75
+4%
MAP
$630.00
$645
+2.5%
$645.00
+2.5%
Potash
$593.33
$602
+1.5%
$606.67
+3%
Farm Diesel
$3.70
$3.84
+4%
$3.68
+1%
Basis 3.67
1.08

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

Keep an eye on your Inputs Monitor at profarmer.com, and look for more basis and pricing updates as information becomes available.


 

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