U.S. Gulf: New trades last week were being indicated in a broad range – $222-$240/st FOB ($6.94-$7.50/unit). Buyers maintain that recent exports have netted back to NOLA below $220/st FOB, and argue that domestic prices should reflect those trades.
Producers have remained stoic, with no official fill programs yet on the market. Speculation was that once they were announced they would be in the $235-$240/st FOB range.
Eastern Cornbelt: The UAN-28 market remained in the $305-$330/st ($10.89-$11.79/unit) FOB range in Ohio, with the low in Cincinnati and the upper numbers out of inland terminals. Illinois sources quoted the UAN-32 market at $355-$365/st ($11.09-$11.41/unit) FOB most terminals for prompt pull.
Western Cornbelt: UAN-32 had reportedly slipped to $345-$365/st ($10.78-$11.41/unit) FOB regional terminals in the Western Cornbelt, with the lower numbers reported on a spot basis in all three states last week.
Northern Plains: The UAN-28 market was tagged at $320/st ($11.43/unit) FOB the Twin Cities, down roughly $20/st from last report. Delivered tons in North Dakota were quoted in the $365-$370/st ($13.04-$13.21/unit) range last week, with the low end of that range also quoted on an FOB basis out of Jamestown, N.D.
Northeast: Post-spraying was underway at full tilt in the Northeast, and sources reported brisk fertilizer movement for sidedress applications. One source said spraying activities are likely to continue at a steady pace throughout the summer as growers opt for heavy double-crop soybean plantings after the winter wheat harvest.
Sources reported a sliding market for UAN in the region. Dealer pricing FOB Baltimore, Md., was tagged at the $320/st ($10.00/unit) level for UAN-32 and $300/st ($10.00/unit) for UAN-30, down roughly $15/st from last report.
Out of terminals in upstate New York, the UAN-32 market was quoted at $368/st ($11.50/unit) FOB last week, down some $25-$30/st from spring pricing levels.
Eastern Canada: The UAN-28 market was pegged at $350-$360/mt ($12.50-$12.86/unit) in Ontario, down some $15/mt from last report. UAN-32 pricing was also lower at the $400-$411/mt ($12.50-$12.84/unit) FOB level for spot tons in the region.