Inputs Monitor Regional Market Report -- Week Ended 11/16/2012

November 19, 2012 04:12 AM

Inputs Monitor Regional Index Composite 2.89 higher week-over to $467.27.

Pricing had shown across-the-board declines in the previous week and have increased since. Over the weekend we saw some dry DAP and Anhydrous being applied and demand has pushed these prices higher. A lot of growers like to have fall applications wrapped up before Thanksgiving and deer season and this week should see a push not only in application but also in pricing.

There is room here to the downside, but pre-Thanksgiving demand is pushing anhydrous and DAP/MAP pricing upward. Look for prices to ease in two weeks.

LP marked the highest increase by percentage adding 3.8%, eliminating last weeks declines -- $0.54 higher to $1.42.

Anhydrous higher $7.58 to $868.91; DAP $7.67 higher to $654.50; MAP $2.00 higher to $667.33.

Potash $0.25 lower to $602.66.

UAN28 $1.16 lower to $377.00; UAN32 $9.77 higher to $448.77; Urea higher $0.41 to $581.16.

Farm diesel down $0.102 to $3.664.

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

With high/low figures excluded (Hi-Lo-Ex), Inputs Monitor Regional Index Composite 4.02 higher week-over to $467.27.

Anhydrous up $8.40 to $868.10; DAP $3.90 higher to $651.60; MAP $0.60 higher week-over to $666.40.

Potash $6.14 lower week-over to $600 even; UAN28 falls $1.40 to $375.30; UAN32 falls $1.73 lower to $425.14; Urea adds $1.30 to $582.60.

Farm diesel falls $0.114 to $3.651 and LP $0.37 higher to $1.394.

Differential between the two analyses (standard figures v. hi-lo excluded) stands dead even with both standard and HLX at 467.27.

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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