U.S. Gulf: UAN barges were said to be quiet, with all of the real action occurring inland. Barge trades were called $385-$395/st ($12.03-$12.34/unit) FOB.
Eastern Cornbelt: Illinois sources pegged UAN-32 in the $330-$340/st ($13.44-$13.75/unit) range FOB terminals last week. In Indiana and Ohio, the UAN-28 market was quoted at $380-$385/st ($13.57-$13.75/unit), with reference prices pegged at the $395/st ($14.11/unit) FOB level in Ohio on a spot basis.
Western Cornbelt: An Iowa source said demand for UAN continued last week for both sidedress and preplant, depending on location. UAN-32 was quoted in the $425-$445/st ($13.28-$13/91/unit) range FOB regional warehouses, with both the high and low ends of the range reported in the Iowa market last week.
Northern Plains: UAN pricing was reported at $13.39-$13.91/unit FOB regional terminals to the dealer, with delivered UAN-28 pegged as high as $450/st ($16.07/unit) from Canadian shipping points to certain locations in North Dakota.
Great Lakes: UAN pricing was up significantly from last report in the Great Lakes region. The UAN-32 market was quoted at $430-$440/st ($13.44-$13.75/unit) FOB Wisconsin terminals, with rail-delivered tons tagged at the $450/st ($14.06/unit) level in southern Wisconsin. Michigan contacts pegged the UAN-28 market at $399/st ($14.25/unit) FOB Webberville, Mich., and $395/st ($14.11/unit) FOB Toledo, Ohio.
Northeast: Sources described the UAN market in the Northeast as quiet, with minimal interest in prompt tons as dealers wait for fields to dry. There will still be some sidedress demand in late May and early June, but, as one source put it, “nothing will happen until the farmer pulls the trigger. No one wants a repeat of summer 2009 to everyone going hand-to-mouth on tons to make sure they aren’t caught with any high priced inventory.”
UAN-30 was tagged at $375/st ($12.50/unit) FOB Baltimore, with UAN-32 quoted in the $394-$400/st ($12.31-$12.50/unit) FOB range, depending on supplier. Out of terminals in upstate New York, the dealer reference for UAN-32 was pegged at $432/st ($13.50/unit) FOB, while pricing out of the Savannah, Ga., market was pegged at the $375/st $11.72/unit) FOB mark.
Sources quoted offers for UAN-32 vessel tons as high as $410/mt CFR level, but speculated that tons could be purchased below the $400/mt CFR level “without a problem.”