INPUTS

Commodity prices were on fire on Thursday morning still soaring after comments by Treasury Secretary Steve Mnuchin that the weak dollar was good for the U.S. economy.

As propane and farm diesel move in opposite directions, the fundamentals in the market suggest diesel is set to soften.

This week's phosphate price action supports ideas DAP and MAP will soften seasonally.

Fertilizer prices have been hinting at topping for a few weeks. But it may take deep cuts in nitrogen prices to keep farmers from switching corn acres to soybeans.

After a record one week drop in supply last week, at Cushing Oklahoma, the market is getting ready for yet another steep drop.

This week, farm diesel and propane moved in opposite directions.

This week's price action supports ideas that some fertilizers are working on a near-term top and will sink soon, seasonally.

This week, P&K prices were mixed but led higher by a sharp gain in MAP.

The International Energy Agency came out with an “explosive” report talking about “explosive” production growth as the United States will become the undisputed leader in global oil production. Take that Saudi Arabia and Russia!

As the nation recovers from the first of the year cold snap, fuels prices are lower although most states are unchanged on the week.