Archived Content
U.S. phosphate producers announced more production cuts earlier this month and asserted that current phosphate prices are “attractive to farmers”. But when compared to the price of corn, phosphate prices may have farmers doing a little curtailing of their own.
Potash producers have been scrambling to muster returns to shareholders and stop the bleeding in global potash markets. Meanwhile phosphate posts the smallest year-over decline of all our surveyed fertilizers.
LimelightPlayerUtil.initEmbed(‘limelight_player_561365'); Corn is narrowly mixed, soybeans are marginally to 1 cent lower and wheat is favoring a weaker tone. Livestock futures are mostly higher.
The relationship between potash and corn futures grabbed our attention this week. We take a closer look at the ups and downs in the corn market and how potash has responded in the past.
This tractor only had 666 original hours when it sold.
LimelightPlayerUtil.initEmbed(‘limelight_player_449346'); Pro Farmer’s Chip Flory and Inputs Monitor’s Davis Michaelsen discuss input prices for this week’s Profit Briefing segment on AgDay TV.
This week we take a quick look at the possible influences of the U.S. dollar and WTI crude oil on the nitrogen segment. All four of the nitrogen products in our weekly survey are priced below expected new-crop revenue and should be considered at value levels.
Tuesday’s open in WTI crude oil futures has a story to tell. Crude market bulls were gunning for continued rejection of a two-handle on crude oil, but Tuesday’s market action pressured the front-month crude oil contract below $28.00 per barrel for a short time.