Nutrient continued to slide this week as diesel perked up slightly.
Our first look at farm fuels and fertilizer prices for the week ended August 26, 2016.
Updated fuels and fertilizer charts as of the week ended August 26, 2016.
Farm diesel appears to be shaking off gains in WTI crude oil and following its usual seasonal pre-harvest price path.
UAN28% led us lower on another week of nitrogen segment declines.
Fertilizer got more affordable this week thanks to strength in corn futures and mild fertilizer price softness. We are still waiting for both the fertilizer and fuels markets to prove they have hit bottom ahead of autumn fieldwork.
No state posts a higher farm fuels price this week with roughly half unchanged. We are edging up to booking diesel and finishing booking LP.
A few thoughts on booking farm diesel.
This week, P&K resumed its former downtrend, leading us to continue to wait before booking for fall applications.