U.S. Gulf:
New potash barge trades continued to be put in the $310-$318/st FOB range.
Eastern Cornbelt:
Potash remained at $355-$375/st FOB in the Eastern Cornbelt, depending on location and time of shipment, with the low reported at Cincinnati and Ottawa.
Western Cornbelt:
The potash market remained at $355-$375/st FOB in the Western Cornbelt, with the low at St. Louis and Caruthersville and the high reported in Iowa.
Southern Plains:
Potash pricing remained at $350/st FOB Houston and $355-$360/st FOB Catoosa/Inola. Postings from Intrepid FOB Carlsbad, N.M., remained at $430/st for 60 percent white granular and $437/st for 62 percent white standard.
South Central:
Potash prices were quoted at $350-$365/st FOB warehouses in the South Central region, with the low reported at Memphis.
Southeast:
Potash remained at $350-$360/st FOB Wilmington, with rail-DEL offers in the Southeast ranging from the $390s/st to low-$400s/st for Canadian tons. There were also reports of OMRI-certified 60 percent MOP reference priced at the $480/st FOB level in North Carolina and Florida.
South Korea:
January-February 2021 imports of MOP dropped about 6 percent, to 146,000 mt from 155,000 mt during the same period last year. February imports were up 22 percent, however, to 106,000 mt from 86,000 mt last year.
The single largest supplier in February was Canada at 68,000 mt. Last year, Canada supplied about two-thirds of South Korean MOP imports at 445,000 mt.
Brazil:
MOP prices edged up at Paranagua to $330-$350/mt CFR. Sources said the limited supply of MOP at the port, along with steady demand, is providing strength to the price. Inland prices at Rondonopolis remained steady at $380-$433/mt FOB ex-warehouse.
The barter rate for the current crop of soy shows 1 mt of MOP equals 21 bags. The 2022 corn crop ratio is put at 58 bags for 1 mt of MOP.