INPUTS

This week's price action indicates nitrogen has no intention of reversing course.

As crude and heating oil sutures firm, farm diesel is unchanged on the week, prompting us to update our fuels advice for spring purchases.

This week, some key price moves have prompted us to update our fertilizer advice for spring purchases.

Crude oil and heating oil posted a short-term downtrend which may be coming to an end. But robust distillate production will point farm diesel lower for a short time.

Anhydrous ammonia firmed slightly this week to lead overall gains.

This week propane fell sharply as diesel held steady with week-ago.

This week's stock market volatility has certainly garnered some attention. This week's P&K price action was equally as volatile.

As we noted in our initial look at this week's price action, despite higher fertilizer prices, corn futures have firmed as well, actually widening the discount our Nutrient Composite Index holds to expected new-crop corn revenue.

Pro Farmer's Dan Vaught believes the current technical posture in March heating oil futures may favor the downside, which would put some welcome pressure on farm diesel prices.

As WTI and heating oil futures soften, farm diesel was steady on the week.