U.S. Gulf: UAN barge trades last week were put within the $390-$400/st FOB range ($12.19-$12.50/unit).
Eastern Cornbelt: Sources pegged the UAN-32 market at $432-$445/st ($13.50-$13.91/unit) FOB most regional terminals, with reference prices remaining as high as $14.30/unit FOB in the Ohio market.
Western Cornbelt: UAN-32 continued to be quoted in the $430-$450/st ($13.44-$14.06/unit) range FOB regional warehouses. Movement in the Western Cornbelt has slowed, due to wet weather in some locations and the lull between corn and soybean planting.
“It’s not at the feverish pace it was two or three weeks ago,” said one contact. With 75 percent of the corn planted and 37 percent emerged in Missouri by the end of April, sources said growers were starting to sidedress in some parts of the state, but movement “hasn’t hit full stride yet,” according to one source. He added that movement on rice should also be rolling within the week in his location.
California: Sources said UAN-32 was still available on a spot basis in California at $395-$410/st ($12.34-$12.81/unit) FOB, but reference prices were moving up, with one supplier reposting last week at $415-$425/st ($12.97-$13.28/unit) FOB for new sales, depending on location. No rail-delivered spot quotes were available from sources in early May.
On the retail side, however, one source said some suppliers were still offering UAN sales to growers at even lower prices – some as low as $360-$395/st ($11.25-$12.34/unit) FOB – that do not reflect current replacement costs. Those low retail prices will probably dry up soon.
Pacific Northwest: UAN-32 was in very tight supply in the region, and spot pricing was up again from last report One Washington source quoted the market firmly at $470/st ($14.69/unit) FOB and up to $485/st ($15.16/unit) DEL for any available tons last week, with some suppliers reportedly allocating sales through May and June, and offering only limited tons for July delivery. Effective April 25, IRM’s posting for UAN-32 firmed to $470/st ($14.69/unit) DEL in Washington and eastern Oregon.
Western Canada: UAN-28 pricing was up significantly in Western Canada. Sources pegged the regional market at $548-$563/mt ($19.57-$20.11/unit) DEL, up more than $70/mt from last report, with the low again in Manitoba and the upper end in Alberta.