INPUTS

This week anhydrous and urea are higher, but declines in UAN offset the upside action in the nitrogen segment.

Farmers on the northern plains will see the benefits of locally-produced urea as early as the coming spring planting season.

As temperatures recover from unprecedented low levels, fuels are retracing to the downside.

This week's price survey has gains and declines nearly offsetting each other, but overall, our NCI is slightly lower on the week.

As global demand is surging, global supply is falling... and then there is the dollar. The dollar index hit the lowest level since September and the Euro surged to a three-year high that may inspire risk-on buying in oil and other commodities.

Heating oil and propane are both in high demand, leading to higher farm diesel and LP prices at retailers.

Phosphate and potash are due for a seasonal setback, but higher feedstock prices may stifle downside potential.

The nitrogen rally that has been in place since mid-harvest may be running out of steam.

WTI crude oil is currently overbought suggesting pending technical selling. But demand for home heat will have to ease if heating oil futures are to pull near-term farm diesel prices lower.

Fertilizer prices were generally higher, but nitrogen is showing signs of a seasonal top.