U.S. Gulf/Tampa:
Tampa anhydrous ammonia prices were $1,000/mt CFR for June, down $425/mt from May’s $1,425/mt CFR.
Eastern Cornbelt:
The prompt ammonia market was quoted at $1,300-$1,375/st FOB, down from last week’s $1,375-$1,400/st FOB range, with the low confirmed in Illinois and the high at Huntington, Ind., and Lima, Ohio.
Sources reported spotty sidedress demand due to the weather, but activity was steady in areas where field conditions were favorable. “We’re seeing brisk sidedress demand now,” said one Illinois contact. “Most of the corn was planted in a 10-day window, so the sidedress window is equally tight.”
Western Cornbelt:
Sources reported ammonia pricing in the $1,300-$1,355/st FOB range in the Western Cornbelt, down from $1,355-$1,400/st FOB the week before. “There is not much interest in ammonia as it’s too wet in most areas for sidedress to start,” commented one Iowa source at midweek. “Give it another week and we should see ammonia moving.”
“If there is any sidedress demand, sellers are wanting to hold current prices vs. lowering to fill values in advance of sidedress,” added another regional contact.
Southern Plains:
Ammonia pricing in the Southern Plains slipped to $1,100-1,200/st FOB regional production points, down from the last reported $1,200-$1,225/st FOB range, with the low reported in Oklahoma and the high at Coffeyville, Kan.
The truck market FOB Beaumont, Texas, fell to a broad $940-$1,030/st FOB range, depending on timing and destination.
South Central:
The truck market for ammonia reportedly dropped to $940-$1,040/st FOB in the South Central region, well below the $1,300-$1,400/st FOB range reported in May before the sharp fall in June Tampa business. No truck prices were reportedly being offered at El Dorado, Ark., Cherokee, Ala., or Midway, Tenn.