Inputs Monitor Regional Market Report -- Week Ended 10/19/2012

October 22, 2012 06:47 AM

UAN32 led advances in the week ended 10/19/2012 - $13.00 higher to $442.44, after falling $16.56 in the previous week -- UAN28 higher by $0.34 to $380.42; Anhydrous up $5.75 to $858.17.

Potash $0.58 higher week-over to $603.58; DAP up $4.25 to $648.75; MAP also higher, up $2.25 week-over to $664.83.

Farm diesel $0.056 higher to $3.756 and LP $0.07 higher to $1.42.

Urea posted the only decline week-over -- down $1.17 to $592.58.

Inputs Monitor Regional Index Composite higher on the week all told by $2.80 to $466.22.

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

With high/low figures excluded (Hi-Lo-Ex), Potash leads decliners, down $3.00 to $601.70; Urea down $1.70 to $593.10.

UAN32 led gainers here as well, up $6.43 to $431.00; UAN28 $0.20 higher to $379.40. Anhydrous added $5.80 week-over to $856.00.

DAP $4.77 higher to $647.77; MAP $2.70 higher to $663.60 week-over.

Farm diesel added $0.053 to $3.754 and LP upticks just $0.029 to $1.377.

Inputs Monitor Regional Index Hi-Lo-Ex Composite $1.70 higher week-over to $464.19. Differential between the two analyses (standard figures v. hi-lo excluded) stands at $2.03 in favor of the Hi-Lo-Ex analysis.

Outliers of Note:

Michigan LP led outliers to the high side -- regional statewide average for LP in Michigan at $2.10, coming in 32% above regional average; Missouri UAN28 10.4% above regional average at $425.00. Michigan DAP high at $718.00 -- 9.6% over regional average prices.

On the low side, Nebraska ran the table again -- Nebraska LP bottoms out the regional index at $1.19 -- 16% below the regional average. Nebraska UAN28 soft again this week at $346.00 -- 9.0% below regional; Nebraska Anhydrous $797.00 -- 7.1% below the region. Farm diesel also cheapest in Nebraska -- 7.0% less than regional averages at $1.19.

The 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.



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