P&KToday: Potash Leads P&K Higher

Posted on 03/09/2017 10:12 AM

 

DAP, MAP and potash were all higher on the week.

  • DAP $51.49 below year-ago pricing -- higher 85 cents/st on the week to $442.95/st.
  • MAP $62.11 below year-ago -- higher $1.17/st this week to $443.90/st.
  • Potash $53.53 below year-ago -- higher $2.33/st this week to $322.37/st.

inputsmonitor.comPotash posted the strongest gains in the P&K segment this week. Missouri led potash higher firming $7.71, Iowa gained $6.48 and Michigan added $4.85. Only one state was unchanged as South Dakota softened $2.55 and Ohio fell 52 cents per short ton.

MAP gained $1.17 on the week. Illinois led gains firming $5.32 as Minnesota added $3.38 and Kansas gained 67 cents. One states was unchanged as Missouri fell $1.97 and South Dakota dropped 67 cents.

inputsmonitor.comDAP added just 85 cents by the short ton led by Indiana which firmed $3.22, Michigan gained and $2.56 and Illinois added $2.49. Five states were unchanged as Iowa posted our only decline in DAP falling $1.26.

We maintain our expectations for higher potash prices ahead, and for phosphate to hold in place until the rest of the fertilizer segment firms to match phosphate's relative elevated price point. Get current to 100% filled on spring potash and 50% filled on spring phosphate. We expect to fill the remainder of our phosphate needs within the next few weeks. But despite persistent firmness in retail potash prices, P&K remains priced at a decent discount to expected new-crop revenue.

By the Pound -- The following is an updated table of P&K pricing by the pound as reported to your Inputs Monitor for the week ended February 10, 2017.

DAP is priced at 46 1/4 cents/lbP2O5; MAP at 41 cents/lbP2O5; Potash is at 27 cents/lbK2O.

P&K pricing by the pound -- 2/16/2017

DAP $P/lb

MAP $P/lb
Potash $K/lb
 
Average
$0.46 1/4
$0.41 1/4
$0.27 1/4
Average
Year-ago
$0.51 1/2
$0.47 1/2
$0.31 1/2
Year-ago

 

inputsmonitor.com


 

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