Ammonium Nitrate

U.S. Gulf: The last done barge business continued to be called $340/st FOB. Buyers are not anxious to buy at $340/st FOB, however, and sources say traders are out of product, leaving CF as the only game in town.

Sources say CF recently sold a cargo to Guatemala to help it take the steam off building inventories. Market watchers argue that based on soft international pricing, CF may have had a netback as low as $250/st FOB to Yazoo City off of the trade.

Western Cornbelt: Ammonium nitrate remained at $380-$400/st FOB in the Western Cornbelt, with the low reported in Missouri and the upper end in Iowa for the last done business.

California: No market was reported for agricultural ammonium nitrate in California.

CAN-17 was unchanged at $325-$345/st FOB in California.

AN-20 was reported at $280/st DEL in the state.

Pacific Northwest: No market was reported for agricultural grade ammonium nitrate in the Pacific Northwest.

CAN-17 remained at $338/st FOB Kennewick, Wash., and $348/st rail-DEL in the Pacific Northwest.

AN-20 was steady as well at $260/st FOB Kennewick and $270/st rail-DEL in the region.