Inputs Monitor Regional Index Composite .24 lower week-over -- just a 0.05% change -- to 465.40.
Downstream inventories are reported to be at seasonal lows, and in some cases, depleted. Purchases by retailers in anticipation of the spring application season may reset price points based on international demand. Keep an eye on your Inputs Monitor as these refreshed pricing points may signal a buying opportunity.
Anhydrous and UAN posted gains while farm diesel and LP held firm to slightly higher -- no nutrient moved more than one full percentage point.
UAN28 marked the highest increase by percentage adding 0.50% -- $1.91 higher to $380.42; UAN32 not far behind adding $1.11 to end the report week at $429.55; Anhydrous gained $1.25 to $870.92 per ton.
Urea falls 0.38% -- a $2.25 decline during the week to end at $575.57.
DAP continues the previous week's downward trend -- $1.84 lower to $655.83 -- a 0.27% decline. MAP followed suit -- down $0.50 to $668.67 -- a slim 0.07% nod to the downside.
Potash moves $1.84 lower to $602.58 after finding resistance at $604 even last week.
Farm diesel steady at $3.573; LP stays put week-over at $1.444.
*A secondary analysis follows. These figures exclude statistical highs and lows...
With high/low figures excluded (HLEx), Inputs Monitor Regional Index Composite 0.28 higher week-over to 464.98 -- a timid 0.06% bump.
UAN28 posts the highest gain here -- adding $2.30 to $379.30; UAN32 also higher -- up $1.71 to $426.86. Anhydrous found room to the upside, gaining $1.50 to $871.30 per ton.
Urea falls 0.31% -- shedding $1.80 to end the report week at $576.70.
DAP $0.90 lower to $653.40; MAP $1.92 higher to $671.22.
Potash falls $0.60 to $601.10.
Farm diesel and LP remained unchanged to slightly higher. Farm diesel at $3.576; LP at $1.406.
Differential between the two analyses (standard figures v. HLEx) stands at 0.42 -- a 0.09% margin -- in favor of the standard analysis at 465.40.
Your Inputs Monitor Regional Index covers twelve Midwestern states and includes weekly updates on fuel and fertilizer prices. Inputs Monitor carries a complete listing of all of these prices, breaking down each state by growing region. Visitors can click on any of these regions for updated local prices and state average prices.