We continue to dig deep into the nitrogen price margins and what those price relationships might have to tell us.
Farm diesel firmed a few cents this week as propane was unchanged.
After a long time downtrend, phosphate appears ready to follow potash higher.
Urea gave us clues in December and has since made good on pulling the nitrogen segment higher. where do we go from here?
Anhydrous ammonia took a leadership role in fertilizer's overall recovery this week.
Updated fuels and fertilizer charts as of the week ended February 17, 2017.
State-to-state price action and market fundamentals have diesel and propane prices pointed in opposite directions.
Strength in corn futures outpaced gains in potash and phosphate this week, but, as with nitrogen, the fertilizer recovery has placed a floor under P&K prices for spring.
Anhydrous ammonia led the nitrogen segment higher this week as prices continue to favor the upside across the N segment.
Nutrient prices firmed again on the week as diesel backed-off.