Nutrient Prices Fall Like Leaves From Trees

May 6, 2013 11:15 AM
 

Declines outran gains in this week's Monitor Index, but most moves to the downside were small. Some declines, however, are worth a closer look and there are some sweet deals to be had.

It seems premature to suggest forward booking for the fall, but planting delays have inspired some deep discounts and if you believe corn will rally, NPK prices may find more upside potential than down when that day comes.

If these numbers work out for your operation, check pricing at your local retailer and consider getting a start on booking for fall now.

Nitrogen --

Anhydrous fell $1.24 to $871.37; UAN28 added $0.85 to $402.87; UAN32 added $0.71 to $446.00; Urea moved an inspired $8.30 lower to $559.85.

Nebraska urea moved $63.67 lower to $518.47 -- that's $22.38 below the next highest price, and a whopping $41.38 below the regional peg.

Iowa urea down $14.74 to $583.88, and Kansas rounds out the top three urea declines of note, shedding $9.30 to $558.07.

Anhydrous fell strongly in Nebraska, declining $21.39 to $793.84 -- $77.53 below the regional average.

Phosphate --

DAP and MAP both declined in this week's Index. DAP currently at $636.49 and MAP at $655.53 regionally.

Michigan MAP marks the largest phosphate decline, shucking $18.81 to $679.81.

Wisconsin well below the regional average on an $8.72 skid to price MAP at $615.35.

Kansas MAP rounds out the hat trick here as well, falling $7.24 to $656.24 -- just a slim 71 cents above the regional average.

Potash --

Potash declined 60 cents to a regional average of $587.34, but gave a little extra in Wisconsin.

Wisconsin potash fell $7.21 to $543 even -- $44.34 below the regional average price.

Farm diesel --

Currently the regionwide average for farm diesel is down $0.051 vs last week to $3.422.

Farm diesel slid 21 cents in Indiana to $3.49/gallon -- still above the regoinwide average of $3.422, but a noteworthy decline considering last week's posted Indiana price of $3.70/gallon.

Farm diesel down 14 cents in Nebraska at $3.25/gallon to mark the cheapest farm diesel in this Index.

Wisconsin saw declines in farm diesel totaling 11 cents to $3.44/gallon. This one is slightly above the regional average as well, but 11 cents is a pretty good dip.

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Prices will vary so check with your preferred retailer.


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