U.S. Gulf: Potash barge prices firmed last week, with sources reporting recent trades within the $367-$375/st FOB range.
Eastern Cornbelt: The potash market had reportedly firmed to $400-$417/st FOB regional warehouses, depending on grade, location, and supplier, and remained in tight supply.
Western Cornbelt: The potash market in the Western Cornbelt had firmed to $400-$410/st FOB for red and $407-$417/st FOB for white granular tons. While producer postings remained at $390/st FOB for red and $397/st FOB for white, sources said producers had no tons to sell at those levels.
Sources remain optimistic about the fall fertilizer season, although some were tempering expectations. “Corn prices are going down and fertilizer is going up, so that might limit fall rates a bit,” said one Missouri contact. “Logistics are also a real mess, and barge and rail freight has really gone up.”
Added another source: “I think logistics problems will be a major concern until next summer.”
Southern Plains: Potash pricing out of regional warehouses in the Southern Plains was quoted at a firm $390-$395/st FOB. Reference prices FOB Carlsbad, N.M., included $385/st for 60 percent standard, $390/st for 60 percent granular and 62 percent standard, and $397/st for 62 percent granular and 62 percent Super Sol.
Sulfate of potash magnesia remained at $365-$380/st FOB Carlsbad, depending on grade.
South Central: Potash pricing had reportedly firmed to $395-$410/st FOB warehouses in the South Central region, up $5-$20/st from last report, with the low at Memphis and the upper end quoted in the Arkansas market.
Southeast: The potash market was quoted at $397-$400/st rail-DEL in the Southeast, with the warehouse market pegged at the $395/st FOB level for red granular tons.