Inputs Monitor Regional Market Report - Week Ended 10/05/2012

October 8, 2012 07:44 AM

UAN32 led advances in the week ended 10/05/2012 - $21.20 higher to $446.00, erasing the previous week's $12.53 decline. Anhydrous up $12.58 to $850.75; UAN28 climbed $2.92 week-over-week to $379.00.

Urea fell another $2.50, leading declines week-over to end at $594.50; Potash also lower by $0.84 to $600.83.

DAP $5.04 higher to $639.08; MAP also higher -- up $4.42 to $660.17.

Farm diesel down slightly, shedding $.003 to $3.687 and LP $0.006 higher to $1.354.

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

With high/low figures excluded, Anhydrous tops gainers, up $17.08 week-over to $850.89. DAP $6.20 higher to $638.40; MAP $3.45 higher to $659.00.

UAN32 led decliners, lower $3.38 to $416.88; UAN28 $3.50 higher to $378.00.

Urea higher by $4.78 to $592.00. Potash fifty cents lower to $600.50.

Farm diesel slightly lower, steady at $3.68, falling $0.0016 on the week; LP slightly higher, up $0.0007 to remain at $1.34.

Differential between the two analyses (standard figures v. hi-lo excluded) stands at 1.3029 in favor of the standard analysis.

Outliers of Note:

Michigan UAN32 led outliers to the high side -- regional statewide average for UAN32 in Michigan at $639.00,coming in $193.00 over regional average. Missouri LP high again at $1.58 -- twenty-two cents over regional average prices. South Dakota Farm Diesel twenty-one cents over the region at $3.90/gallon.

On the low side, Iowa Anhydrous supports the regional index at $805.00 -- that's $45.75 below the regional average. Missouri diesel soft again this week at $3.51 -- seventeen cents below regional, and Nebraska edges out the Dakotas week-over-week for the lowest LP pricing in the region at $1.19, sixteen cents below region.

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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