Inputs Monitor Regional Market Report -- 12/24/2012

December 24, 2012 05:55 AM
 

Inputs Monitor Regional Index Composite a strong 2.242 points lower week-over -- a 0.48% decline to 462.855.

Strong news on November increases in phosphate production in North America pressed DAP and MAP lower during the week. All prices fell with the notable exception of Anhydrous. LP remains unchanged.

Anhydrous marked the only increase adding a hefty 0.89% -- $7.92 higher to $882.50; UAN28 falls $2.50 to $377.25; UAN32 also lower dropping an ambitious $6.16 to end the report week 1.42% lower at $424.11; Urea also sharply lower shedding $5.50 to $569.58 -- a 0.95% decline.

DAP continues to fall week-over shucking $3.75 -- a 0.57% decline to end at $650.25; MAP also sharply lower falling $6.08 to $660.25 -- a 0.91% decline.

Potash moves $3.73 lower to $596.66 on strong Canadian stocks on hand.

Farm diesel steady to a tenth of a percent lower at $3.56 -- still at a suggested seasonal low, but a blanket of snow will keep much of the Midwest at more seasonal temperatures and increased distillate consumption for home heat could put pressure on farm diesel pricing.

LP unchanged week-over at $1.443.

*A secondary analysis follows. These figures exclude statistical highs and lows...

With high/low figures excluded (HLEx), Inputs Monitor Regional Index Composite 2.047 lower week-over to 462.414 -- a 0.44% dip to the low.

Anhydrous posts the highest gain here also adding $7.20 to $881.70; UAN28 also up -- thirty full cents to $378.80; UAN32 $4.41 lower to $424.16; Urea sharply lower shedding 1.11% -- down $6.40 to $569.50.

DAP $4.20 lower to $647.20; MAP slides $6.30 lower to $659.90.

Potash dips a whopping $4.60 to $595.50 -- a 0.76% decline.

Farm diesel two cents lower to $3.56, and LP remained unchanged at $1.405.

Differential between the two analyses (standard figures v. HLEx) stands at 0.441 -- a 0.095% margin with the standard analysis on top at 462.855.

elvis 4Thank you to all who have been following the Inputs Monitor in its exciting first year and Merry Christmas to you. We have big plans for the coming year, and as we expand our coverage, your Inputs Monitor will continue to keep you informed on pricing moves, international news and help you keep your finger on the pulse of American agriculture. We all have a great deal to be thankful for this year -- and I am thankful that you have chosen to make the Inputs Monitor your home for all your Inputs related news.

Merry Christmas -- may your boots be taller than the snow is deep, and the nutrient profile in the soil of your heart be rich!


 Photo credit: kevin dooley / Foter / CC BY

 

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