U.S. Gulf: Most put barges within the $245-$250/st ($7.66-$7.81/unit) FOB range, with not a lot of interest. Sources speculated that another round of exports may be keeping CF inventories in order and allowing them to hold firm on domestic prices.
Market bears said they could easily wait on the sidelines. There was speculation last week that UAN and ammonia inventories may be more plentiful inland than urea, which reported the softest prices of the three during the season.
UAN imports were off 2 percent in May, to 409,047 st from the year-ago 415,336 st. However, July-May imports were up 10 percent, to 3.67 million st from the year-ago 3.34 million st.
Eastern Cornbelt: Movement of liquid nitrogen in sidedress applications on corn was virtually over in the Eastern Cornbelt.
The low end of the UAN fill market was quoted at the $288/st level for UAN-32 ($9.00/unit) FOB Cincinnati, Ohio, while Illinois sources quoted the market commonly in the $290-$300/st ($9.06-$9.38/unit) FOB range last week. The upper end of the regional range remained at $265/st for UAN-28 ($9.46/unit) FOB Burns Harbor, Ind.
Western Cornbelt: Sources pegged the UAN-32 market at $285-$295/st ($8.91-$9.22/unit) FOB for fill tons in the Western Cornbelt, with the cash market quoted at the $300/st ($9.38/unit) FOB level at the upper end in the region.
Southern Plains: The UAN market in the Southern Plains was down significantly from last report, but pricing covered a wide range in the region.
As of July 22, sources said UAN-32 was down to $265/st ($8.28/unit) FOB Woodward and Verdigris, Okla., while the prompt market out of terminals in Texas remained as high as $310/st ($9.69/unit) FOB at the upper end of the range.
South Central: The UAN-32 market in the South Central region had reportedly fallen to $295-$300/st ($9.22-$9.38/unit) FOB terminals to the dealer, with reports of some suppliers offering spring 2014 prepay tons in that same range.
Southeast: Sources quoted UAN-32 at $275-$295/st ($8.59-$9.22/unit) FOB port terminals in the Southeast, with the upper end out of the Savannah, Ga., market and the low reported out of Norfolk, Va., and Wilmington, N.C.
Sources said UAN-32 vessel business on the East Coast was rumored to have been done at the $275-$276/mt level before the Southwestern Fertilizer Conference, but sources last week said new indications put the market at $280-$282/mt. There was limited supply at either price, however.