Stable urea pricing is allowing the rest of the nitrogen segment to narrow our product margins.
Phosphate continues to hold its overpriced condition compared to the rest of the fertilizer space.
As wheels begin to turn for spring fieldwork, this week's price action may lend clues to our summertime outlook.
Our first look at fertilizer and farm fuels pricing for the week ended March 24, 2017.
Updated fuels and fertilizer charts as of the week ended March 24, 2017.
Phosphate firmed sharply this week despite a pullback in urea pricing.
Both farm diesel and propane were unchanged this week, even as diesel demand ramps up in the Midwest.
Urea failed to violate last year's price and has actually softened this week. But the nitrogen margins suggest upside risk for the rest of the segment.
Fertilizer prices favored a more mixed tone this week with DAP and MAP leading gains.
Potash and phosphate continued higher this week.