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A fairly quiet week in the P&K world. Phosphoric acid prices gave hints of easing, but volatility in acid prices for producers still makes future pricing difficult to pigeonhole. Potash is in a state of global oversupply and prices continue to dip lower.
Senior Market Analyst Rich Posson -- a certified market technician -- provides Pro Farmer VIP Members highlights of key outside markets that influence commodity price action.
This week’s sharply lower diesel price was driven by downside action in Michigan, Indiana and Nebraska. Propane remains in good supply with current stocks 23 million barrels above the same time last year. Production dipped just slightly on the week as demand perked up for a Midwest snowstorm.
Low potash prices are creating a stir among global producers. Potash markets are usually very quiet. We take a closer look at what is behind all the chatter and what it means to us.
Traders did a good job anticipating this month’s feedlot snapshot.
Senior Market Analyst Rich Posson -- a certified market technician -- provides Pro Farmer VIP Members a weekly chart update covering commodity markets.
Fertilizer prices reversed course this week after having firmed the past two weeks in a row. The outlook for nitrogen has improved in recent weeks and UAN’s price movement this week basically erased what was gained in upside action over the past weeks.
LimelightPlayerUtil.initEmbed(‘limelight_player_176012'); Grain and livestock markets are under pressure in morning trade.