US Gulf:
Players reported a quiet NOLA TSP barge market, noting minimal new business. As a result, pricing was unchanged from last week. Sources agreed that softening full-May DAP and MAP prices would eventually drag the TSP barge market lower, and expected the next round of business to ping at least $100/st down from the last-reported $550-$560/st FOB.
Eastern Cornbelt:
TSP remained at $640-$660/st FOB in the Eastern Cornbelt.
Western Cornbelt:
TSP pricing was unchanged at $640-$645/st FOB in the Western Cornbelt in mid-May.
Brazil:
TSP remained the one steady market in Brazil, at $380-$400/mt CFR. The Rondonopolis price, however, fell to $485-$510/mt FOB ex-warehouse.