Central Florida: Nothing really changed in the Central Florida market last week. The spring season was over, warehouses and terminals were quiet, and the July 4 holiday shortened the workweek. Many in the industry stretched the days off into a very long weekend.
The price range for the Central Florida DAP market remained at $435-$450/st FOB, with MAP barges bringing a $20/st premium over DAP.
U.S. Gulf: The Mississippi River remained at flood stage in some northern areas of the river system, and the U.S. Army Corps of Engineers was closing locks at various intervals to keep the river operating.
Sources reported few new phosphate barge transactions in early July, and minimal business was reported out of terminals and warehouses.
The corn price for July was at $6.645/bushel last week, down from $6.6725/bushel a week earlier. Corn for December 2013 was also down, at $5.30/bushel compared with $5.385/bushel for the previous reporting period. Corn for December 2014 was $5.0125/bushel, down from $5.4975/bushel the previous week.
Soybeans for July were at $15.73/bushel last week, up from $15.485/bushel a week earlier, while soybeans for November 2013 moved up to $14.3575/bushel from the previous week’s $12.7525/bushel. Soybeans for November 2014 were also up at $12.4325/bushel, compared with $12.4225/bushel a week earlier.
Wheat for July 2013 decreased to $6.5075/bushel from the previous week’s $6.635/bushel, while wheat for September 2013 was listed at $6.575/bushel. The wheat price for July 2015 was posted at $7.02/bushel last week, down from $7.325/bushel a week earlier.
The NOLA DAP barge market was quoted at $420-$425/st FOB last week based on bids and offers, compared with $418-$427/s FOB the previous week.
MAP barges, which were less available than DAP, remained in the $440-$455/st FOB NOLA range, with the lowest price for Russian product and the higher end for domestic. MAP vessels coming during the next month or so from Morocco will likely depress the MAP price, sources said, possibly to below that of DAP.
Eastern Cornbelt: The DAP market was quoted in the $468-$480/st FOB range in the Eastern Cornbelt, with the low in Cincinnati. MAP was $20/st higher than DAP.
10-34-0 remained at a nominal $525-$550/st FOB in the region.
Western Cornbelt: DAP pricing in the Western Cornbelt region remained at $460-$485/st FOB regional warehouses, depending on location, with MAP tagged in the $480-$500/st FOB range. The St. Louis DAP market was pegged at the $475/st FOB mark last week.
10-34-0 remained in a broad range at $450-$525/st FOB in the Western Cornbelt, depending on location.
Southern Plains: The DAP market was quoted in the $455-$465/st range FOB the Tulsa market, down about $10-$15/st from last report. MAP pricing at the port was $20/st higher than DAP.
10-34-0 pricing in the Southern Plains was down as well, with sources quoting a $445-$465/st FOB range in the region in early July.
South Central: DAP was quoted at $475-$485/st FOB warehouses in the South Central region, with most dealer quotes in the $480-$485/st FOB range. TSP was pegged in the $435-$445/st FOB range out of regional warehouses, down some $5-$10/st from last report.
California: Effective July 1, Agrium’s MAP postings in California moved to $565/st FOB or rail-DEL, down $65/st from the company’s Feb. 8 reference price. Simplot also reposted its MAP price in California down to the $565/st rail-DEL level on July 1.
Also effective July 1, Simplot dropped its phosphoric acid postings to $9.00/unit rail-DEL for SPA and MGA in California, with the FOB price for MGA dropping to $9.20/unit in the state. Those levels were 50 cent