CAN

California:

CAN-17 in California was quoted at a flat $330/st FOB Stockton and Helm in early February.

Pacific Northwest:

The CAN-17 market was unchanged at $345/st FOB Kennewick, Wash.

Germany:

No CAN sales were reported this week despite improving weather, though indications were heard at €280-$285/mt CIF. Key producers are reportedly testing the market with incrementally higher offers, but any significant buying may have to wait until fields dry following the recent cold, wet spell in Northwest Europe.

CAN demand is expected to be robust after application levels took a hit in 2022/23 due to reduced affordability during the energy crisis and many farmers switched to inhibited urea.