Inputs Monitor Regional Market Report -- Pricing Flat As December Corn Falls

April 1, 2013 04:51 AM

Nutrient pricing was generally higher week-over, but gains were flat. Anhydrous was unchanged and farm diesel and LP both fell slightly. The weather turned favorable across much of the cornbelt during the weekend and applications will be in full swing very soon.

Gains outpaced decliners adding 4.204 to decliners' 1.85 -- a margin of 2.354. The static market signals purchasing has slowed at retail outlets. Reports are that deliveries for the spring application have been made and growers are in the fields where possible. Elsewhere, winter's long tail has others anxious and ready to get started on the 2013 crop, but waiting on the last of the snow to melt.

Anhydrous remains unchanged at $882.00 even; UAN28 climbs $1.67 to $394.25; UAN32 moves $1.33 lower to $435.22; Urea $1.08 higher to $570.66.

DAP continues to move lower dropping $1.00 to $640.41; MAP slightly lower, falling $0.50 to $655.00 even.

Potash moves slightly higher, adding $0.42 to $580.50.

Farm diesel another $0.016 lower to $3.550; LP falls as well -- down $0.004 to $1.495.

Current Week
Week-over Change
Farm Diesel

UAN28% solution posts the highest gain in the index this week adding $1.67/ton with Urea not far behind adding $1.08. Potash bucked higher on a $4.00 uptick in Illinois -- adding 42 cents to $580.50.

Missouri had a particularly good week where the price of a ton of UAN32 fell $12.00 to $405.00, potash fell $7.00 to $560.00 -- that's 20 dollars per ton cheaper than the regionwide average -- and farm diesel fell nearly a dime. Check your local pricing in Missouri. There may be some bargains to be had.

Kansas anhydrous is very favorable this week at $810.00/ton -- a decline of $8.00 week-on-week -- $72.00/ton below the regionwide average price/ton.

Meanwhile, December 2013 corn futures fell sharply to open this morning at $5.37 on news from USDA's Thursday Grain Stocks Report which signaled supplies are not as tight as once feared. These declines may inspire some demand here and some fresh export business would help to rebuild a base of price support. Based on NPK price resistance at 18% of expected new-crop revenue, $147.45 is our current target for total NPK/acre.





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