INPUTS

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.

Despite a decent rise in fertilizer prices, the spread between new-crop corn revenue and our Nutrient Composite Index widened.

A quick look at WTI crude oil and heating oil price action and what the charts are telling us.

The comeback story on oil stalled as the market worried about a plunging stock market and the reality that as you get into refinery maintenance season you may see crude supply start to rise.

Over four years after an April explosion in the small town of West, Texas, the city has agreed upon a settlement with fertilizer manufacturers.