US Gulf:
With no new business confirmed during the week, the NOLA UAN market remained at $255-$265/st ($7.97-$8.28/unit) FOB for the last trades.
US Imports:
August UAN imports firmed 22.5% year-over-year, to 249,050 st from 203,266 st in August 2022. Imports grew 68.0% in July-August, lifting to 473,930 st from the year-ago 282,184 st. Russia sent 260,130 st for the two months, Trinidad added 131,327 st, and Canada sent 82,473 st.
US Exports:
July-August UAN exports totaled 368,568 st, down 18.3% from the year-ago 451,201 st. August exports fell 32.1%, to 200,901 st from the prior-year 295,782 st. The US sent 123,462 st to France in July-August, ahead of 92,027 st to Australia. Argentina purchased 90,150 st.
Eastern Cornbelt:
The UAN-32 market was quoted at $295-$310/st ($9.22-$9.69/unit) FOB in the Eastern Cornbelt for December, with reports of 1Q and 2Q tons in the $310-$330/st ($9.69-$10.31/unit) FOB range. The last UAN-28 offers FOB Cincinnati remained at $260-$270/st ($9.29-$9.64/unit) for 4Q tons, $263-$272/st ($9.39-$9.71/unit) for 1Q, and $275-$280/st ($9.82-$10.00/unit) for 2Q.
Western Cornbelt:
UAN-32 pricing for December-January tons was quoted at $295-$320/st ($9.22-$10.00/unit) FOB terminals in the Western Cornbelt, depending on location, with the low confirmed at St. Louis and the high in Iowa. Rail-DEL pricing in Nebraska was quoted at $305-$318/st ($9.53-$9.94/unit).
California:
The latest UAN-32 offers FOB Stockton were quoted at the $350/st ($10.94/unit) level, up $20/st from last report. Other California terminals at Port Hueneme and West Sacramento remained sold out in mid-October. No current delivered prices were reported for UAN in California.
Pacific Northwest:
UAN-32 pricing in the Pacific Northwest firmed to $370/st ($11.56/unit) FOB Kennewick, Wash., up from the previous $350/st FOB posting. The latest rail-DEL UAN offers were pegged at the $348-$350/st ($10.88-$10.94/unit) level on a spot basis.
Western Canada:
The UAN-28 market in Western Canada remained at C$480/mt (C$17.14/unit) DEL, unchanged from last report.