US Gulf:
NOLA potash barge prices moved lower, with sources quoting the market at $525-$545/st FOB, if not lower, down from last week’s $565-$575/st FOB range.
Eastern Cornbelt:
Potash prices continue to fall, with new offers reported at $630-$640/st FOB in the Eastern Cornbelt, down from the prior week’s $655-$680/st FOB range. The Cincinnati market was reported at $635/st FOB, down from the last confirmed $655/st FOB level.
Potash pricing in the Great Lakes region slipped to $665/st FOB Toledo for November-December tons, down $10/st from last week.
Western Cornbelt:
Potash pricing fell to $630-$640/st FOB in the Western Cornbelt in early November, with the low at St. Louis.
Southern Plains:
Potash warehouse pricing continued to fall in the region. New offers in the Southern Plains were reported at $620-$630/st FOB in early November, down from recent levels in the $650-$660/st FOB range, with the low confirmed at Catoosa/Inola and the high at Houston.
The last official potash postings from Intrepid FOB Carlsbad, N.M., remained at $855/st for 60% white granular and $875/st FOB for 62% white standard.
South Central:
Potash pricing slipped to $640-$670/st FOB in the South Central region, down significantly from the previous $675-$700/st FOB range, with the low confirmed by Kentucky sources out of Ohio River terminals and the high in Arkansas. The Memphis potash market was pegged at $660-$665/st FOB, down $25/st from last report.
Southeast:
Potash offers in the Southeast were confirmed at $640-$650/st FOB Wilmington, down significantly from the last confirmed $685/st FOB level.
Brazil:
MOP landed prices in Brazil firmed slightly to $570-$630/mt CFR. Even with the tighter range, sources said sellers were willing to experiment with lower prices for large volumes. These deals are reportedly being offered to limited buyers, and are not available to all.
Rondonopolis showed a slight dip at the lower end of the price range, to $720-$750/mt FOB ex-warehouse. As with the other fertilizers and grain sales, the politically inspired demonstrations limited the ability to do much trading during the week.
October 2022 imports of MOP were reported at 649,000 mt, down from the 1.3 million mt imported during October 2021. January-October 2022 imports were reported at 10.3 million mt, up a tick from the 10.2 million mt imported during the same period in 2021.