U.S. Gulf: Producers are still holding out for a big run on UAN. As a result, UAN prices have not fallen out of bed like urea. Recent UAN trades were called in the $315-$325/st ($9.84-$10.16) FOB range, with others pushing for $310/st ($9.69/unit) or below.
Eastern Cornbelt: UAN-28 pricing remained in the $330-$350/st ($11.79-$12.50/unit) FOB range out of Ohio and Indiana terminals, with the low reported in the Cincinnati, Ohio, market and the upper numbers inland. Illinois sources continued to quote the UAN-32 market at $380-$395/st ($11.88-$12.34/unit) FOB, depending on location.
Western Cornbelt: UAN-32 was steady at $385-$395/st ($12.03-$12.34/unit) FOB in the Western Cornbelt region last week.
California: Sources quoted the UAN-32 market at $385-$400/st ($12.03-$12.50/unit) FOB California terminals, with rail-delivered tons pegged in the $405-$415/st ($12.66-$12.97/unit) range in the state. “I believe most big players are now covered for their May needs and are looking to buy June tons,” said one contact.
Pacific Northwest: UAN-32 was pegged in the $420-$440/st ($13.13-$13.75/unit) DEL range in the Pacific Northwest, with the majority of spot quotes reportedly in the lower half of that range. Producers were said to be holding to the upper end for reference pricing, but were meeting the lower numbers on a spot basis.
Western Canada: UAN-28 remained at $459-$462/mt ($16.39-$16.50/unit) DEL in Manitoba, $462-$465/mt ($16.50-$16.61/unit) DEL in Saskatchewan, and $465-$474/mt ($16.61-$16.93/unit) DEL in Alberta.
Yara’s Belle Plaine facility was producing UAN in early May, but was not yet at full capacity