CPI News

CPI Index

 Agronomy Index

Components of the CPI Fertilizer Index

CPI Fertilizer Index compares the ratio of current corn price bids to the price of a standard fertilizer prescription. The chart compares current prices to historical ratios for comparison and may indicate favorable market conditions for timing purchases of fertilizer inputs and sales of grain to lock in the cost of those inputs.

The fertilizer price used is that of current contract offerings for a standard prescription of liquid and dry fertilizers applied to an acre of corn.

The corn price used is the posted corn bid for Hastings, NE. for November 2011 (November 2012 for 2012 crop year comparisons)

Energy Index

Components of the CPI Fuel Index

Juniata Diesel is the contract price for June-August 2012 Ruby Field Master.

Hastings Corn is the opening Nov. 2012 corn price in Hastings, NE.

CPI Fuel Index compares several different ratios comparing harvest corn and irrigation diesel. When the index is positive this indicates it is a good time to buy fuel and sell corn.

Bushels To Cover indicates the bushels of corn needed to be sold in order to cover the average cost of irrigation fuel per acre.

The abrupt direction changes on the graph indicates the change in using June-August 2011 Ruby Field Master contract prices and opening November 2011 corn prices in Hastings, Ne to June-August 2012 Ruby Field Master contract prices and November 2012 corn prices when calculating the CPI Fuel Index.

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November 2011

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December 2010