Advice Update | September 14, 2015

September 16, 2015 09:27 AM

9142015NH3ALERT September 14, 2015 -- cover an additional 30% of fall fertilizer needs, 30% of fall diesel and 30% of spring diesel.

Ohio and Michigan, we advise to continue to wait on increasing NPK coverage for spring and fall as prices in those states are well above the regional average and may come down on spillover pressure from neighboring states. Kansas, Iowa, Illinois and Nebraska all ticked higher and we recommend covering as much as 100% of fall needs at current prices on the uptick. In other states, get current to 80% filled on nutrient for fall applications. We also recommend all states except Ohio and Michigan cover 50% of spring NPK needs at today's price.

Crude oil futures and harvest demand will support higher farm diesel pricing, and indications are that a long-term low has been placed in U.S. Crude futures. Cover another 30% of farm diesel for fall and 30% of spring diesel where prices for spring delivery are near today's bid.

Get more details in this week's Inputs Market Update at inputsmonitor.com.

 

Inputs Position Monitor
NH3
DAP
MAP
K
UAN28%
UAN32%
Urea
Farm Diesel
LP
Fall 2015
80%
80%
80%
80%
80%
80%
80%
60%
100%
Spring/summer 2016
50%
50%
50%
50%
50%
50%
50%
30%
0%