Inputs Monitor Regional Market Report -- Week Ended 10/26/2012

October 29, 2012 06:35 AM

Inputs Monitor Regional Index Composite 32 cents lower week-over to $465.90.

LP led advances, $.017 higher to $1.437 on a full percentage point gain. Declines led by Urea, down for the second consecutive week -- lower $3.83 week-over to $588.75.

Anhydrous up $1.50 to $859.67; DAP $1.42 higher to $650.17.

MAP $0.41 lower to 664.42; Potash down $0.33 week-over to $603.25.

UAN28 down $0.34 to 380.08; UAN32 $0.89 lower to $441.55.

Farm diesel up just $0.025 to $3.781.

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

With high/low figures excluded (Hi-Lo-Ex), Inputs Monitor Regional Index Composite 43 cents lower week-over to $463.76.

Farm diesel led advances here, adding $0.031 for a 0.81% uptick to $3.785. Decliners led by UAN32 -- $2.57 lower to $428.43.

Anhydrous up an even $2.00 to $858.00; DAP $0.57 lower to $647.20; MAP $0.06 higher week-over to $663.66.

Potash $1.10 higher to $602.80; UAN28 $0.40 lower to $379.00; UAN32 also down week-over -- $2.57 lower to $428.43; Urea slides $0.031, lower on the week to $589.60.

Differential between the two analyses (standard figures v. hi-lo excluded) stands at $2.14 in favor of the standard analysis.

Outliers of Note:

Michigan LP led outliers to the high side -- regional statewide average for MI Liquid Propane at $2.10,coming in 31.50% above regional average. Michigan DAP 9.4% above regional average at $718.00. Ohio Anhydrous still conspicuously high at $941.00 -- 8.6% over regional average prices.

On the low side, Nebraska LP bottoms out the regional index at $1.24 -- 13.7% below the regional average. Nebraska UAN28 soft again this week at $346.00 -- 8.9% below regional, and Nebraska anhydrous low at $795.00 -- 8.1% below the region.

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.



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