All posts by mickeybarb@charter.net

Koch Brandon Plant Receives Energy Star®

Canada, News, News Briefs

Koch Fertilizer Canada, Brandon, Manitoba, announced on Sept. 20 that its Brandon plant has earned Natural Resources Canada’s 2021 Energy Star® for Industry Certification for superior energy performance. It is the first fertilizer plant in Canada to receive the certification, which signifies that it performs in the top quartile of similar facilities in Canada and the US for energy efficiency.

Koch said the certification means the plant spends less on energy and has lower energy-related environmental impacts than similar plants. Additionally, all certified plants must be energy performance verified and in good standing with federal environmental laws.

In addition to Brandon, Koch Fertilizer LLC, Wichita, has three Energy Star certified nitrogen plants in the US – Beatrice, Neb. (2019-2021); Enid, Okla. (2020-2021); and Fort Dodge, Iowa (2021).

In 2017, 2021, and 2022, Koch Fertilizer, as a subsidiary of Koch Industries, earned the U.S. Environmental Protection Agency’s Energy Star® Partner of the Year Award.

Bunge Exits Russia

News, News Briefs, Russia, Western Cornbelt

Bunge Ltd., St. Louis, sold its sunflower-crushing plant in Russia, marking the biggest oilseed processor’s exit from the country in response to the invasion of Ukraine, according to a Bloomberg report. In addition to the plant in the Voronezh region, Bunge sold the regional rights to vegetable-oil brands including Oleina and Ideal.

While company’s such as McDonald’s and Starbucks closed restaurants following the late-February invasion, some agricultural companies continued to make food and livestock feed.

Bunge hinted two months ago at a sale by restructuring its Russian business. The business is being sold to Karen Vanetsyan, the controlling shareholder of Exoil Group. Terms were not disclosed.

The facility, built around 2005 for an estimated $130 million, can produce 540,000 tons of raw materials.

Evonik Eyes Biostimulant Launch in 2025-2027

Germany, News, News Briefs, Specialty

Evonik, Essen, Germany, said on Sept. 15 that it is involved in microbial biostimulant research that it expects to result in the launch of a product in 2025-2027. The company said the new development is a unique combination of bacteria and bio-based additives that has the potential to significantly reduce the use of synthetic nitrogen fertilizers.

Evonik said an initial greenhouse trial with wheat and corn showed a promising reduction of up to 50% in the use of nitrogen fertilizers. The company is now conducting field trials in various environmental conditions to verify the results obtained in the greenhouse. In addition, it is working on the optimum formulation of bacteria and additives.

“Our innovation has the potential to become a stepping stone to the future of agriculture. It could greatly reduce the use of nitrogen fertilizers without reducing crop yields,” said Jan Wolter, who heads the Farm to Form area at Creavis, Evonik’s strategic innovation unit and business incubator.

The European Commission’s (EC) goal is to reduce agricultural use of mineral fertilizers by 20% and pesticides by 50% by 2030.

Evonik noted that the new EU Fertilizing Products Regulation of July 16, 2022, is giving Evonik’s R&D tailwind: In this regulation, for the first time, the EC provides biostimulants with a uniform legal basis as a new class of crop protection products. That paves the way for EU-wide commercialization. The European Biostimulants Industry Council estimates that the market for biostimulants is growing by between 10-12% a year.

Dutch Entities Back Proton Ventures’ Green Ammonia Pilot Project in Morocco

Green Ammonia, Morocco, News, News Briefs, Northwestern Europe

Proton Ventures BV, Schiedam, The Netherlands, reported on Aug. 25 that it has lined up a loan facility from Invest International, The Hague, The Netherlands, and a working capital guarantee from Atradius Dutch State Business, Amsterdam, as it plans to build a 4 m/td green ammonia pilot plant (GAPP) in Jorf Lasfar, Morocco.

The plant will be based on the Haber-Bosch process, and for green hydrogen production it will be equipped with two PEM & alkaline electrolyzers with a capacity of 2 MW each. It can also be equipped with an emulator that can simulate different electrical load profiles, in particular the hybridization of photovoltaic and wind energy, in different geographical sites in Morocco and around the world.

Proton Ventures’s engineering, procurement, and construction (EPC) agreement was signed with Morocco’s Mohammed VI Polytechnic University in July after the completion of a tender process. Proton Ventures is an independent engineering company operating in the chemical industry, providing engineering and turnkey solutions for world-scale storage terminals, decentralized ammonia production units, and other related process applications.

Invest International is a joint venture of the Dutch Ministry of Finance (51%) and Development Bank FMO (49%).

Proton Ventures Awarded FEED+ for UAE Ammonia Export Terminal

Ammonia, Middle East, News, News Briefs, Northwestern Europe

Proton Ventures, Schiedam, The Netherlands, reported on Sept. 9 that it was awarded a front end engineering design + (FEED+), which includes basic engineering plus partial detailed engineering, for a new ammonia export terminal by the biggest oil, gas, and chemicals company in UAE.

The project, which kicked off in January 2022, will be finalized in third-quarter 2022 and boasts the biggest ammonia tanks ever built in Middle East. The company said it includes state-of-the-art equipment design and safety standards and Proton Ventures design characteristics as previously implemented in other ammonia terminals around the world.

Proton Ventures said the terminal is designed to operate in extreme conditions with temperatures well above 50°C. All special provisions have been taken in sizing the terminal for desert-proof operation while maintaining all design characteristics that ensure quick installation on site, good inspectability, and uncompromised reliability.

Once in operation, this terminal is expected to play a major role in the flow of thousands of tons of ammonia from the MENA region to Northern Europe and US/Canada.

Mosaic’s August Potash Revenues Soar, P&K Volumes Up

Brazil, Earnings, News, Phosphate, Potash, Tampa

The Mosaic Co., Tampa, reported a surge in August revenues for all three major business segments – Potash, Phosphate, and Mosaic Fertilizantes – compared to August 2021. However, Potash was a standout with revenues of $576 million versus the year-ago $196 million. Potash and Phosphate volumes also exceeded the year-ago level.

Third-quarter potash sales volumes are expected to be near the high end of the previous guidance range of 1.9-2.1 million mt, while FOB MOP prices are now expected to be about in line with prices realized during the second quarter of 2022.

Phosphate sales volumes in the third quarter are expected to be at the low end of the previously guided range of 1.7-2.0 million mt. DAP prices on an FOB basis are now expected to be approximately $100/mt lower than prices realized during the second quarter.

Potash August 2022 August 2021
Sales Volumes 000 mt 848 610
Revenues in millions $576 $196
Phosphate August 2022 August 2021
Sales Volumes 000 mt 699 666
Revenues in millions $672 $465
Mosaic Fertilizantes August 2022 August 2021
Sales Volumes 000 mt 970 1,134
Revenues in millions $939 $602

FuelPositive Taking Pre-Sale Orders for Green Ammonia Modules

Canada, Green Ammonia, News, News Briefs

FuelPositive Corp., Toronto, has launched its pre-sale application process for its onsite, containerized green ammonia production system (GM Nov. 24, 2021), capable of providing ammonia for a 2,000-acre farm.

The containerized green ammonia production system created by FuelPositive is currently being built for a pilot project on the Manitoba crop farm of Tracy and Curtis Hiebert, who became the first pre-sales customers in April when they committed to purchase a commercial system after testing is completed on the first demonstration system on their farm.

“The FuelPositive system will give us stability. That’s what we like about it,” said Curtis Hiebert. “It’s stabilizing the supply and stabilizing the price.”

The base system, which would produce 100 mt/y of green ammonia, fits within three standard 20-foot containers. It includes a hydrogen separator, nitrogen extractor, ammonia converter, control system with remote monitoring capability, nominal ammonia storage, and a basic installation package. The customer is to supply sustainable grid source of electricity or an off-grid option (approximately 1-megawatt solar array, with supplementary storage, would power the system completely off-grid).

The initial base system price for FuelPositive’s system will be C$950,000, although individual farm conditions may cause the actual price to vary as clients consider adding options or potentially deducting from the base system, according to the company. Once it is produced at scale efficiency, the company said it will be able to offer greater savings.

Ammonia

Ammonia, Black Sea, China, Eastern Cornbelt, India, Market Watch, Middle East, Northwestern Europe, South Central, Southern Plains, Tampa, U.S. Gulf, Western Cornbelt

US Gulf/Tampa:

A Tampa ammonia price for October was still not available at press time. While sellers argued that Tampa prices should go up to follow higher European prices, buyers questioned whether global inventories were tight enough to justify an increase.

In the meantime, Nutrien confirmed an October sale into Northwest Europe from Trinidad in the low $1,300s/mt CFR. The price is up from the week-ago range of $1,250-$1,290/mt CFR.

Tampa ammonia was $1,150/mt CFR for September, up from August’s $1,100/mt CFR.

Eastern Cornbelt:

Sources continued to quote ammonia pricing in the $1,250-$1,300/st FOB range in the Eastern Cornbelt, depending on location and supplier, with the low confirmed in the Illinois market on a spot basis. The Huntington, Ind., ammonia market remained at $1,280-$1,300/st FOB for the last offers, and pricing FOB Lima, Ohio, was steady at the $1,300/st FOB level for prompt or prepay.

Sources said CF has pulled most of its ammonia pricing at terminal locations in Illinois and Indiana, however, which were last referenced at the $1,300/st FOB level. Sources described the East Dubuque, Ill., ammonia market as quiet while a recent turnaround is completed at the facility.

Western Cornbelt:

The ammonia market was steady at $1,200-$1,225/st FOB in the Western Cornbelt in mid-September, with the low confirmed in Nebraska and Iowa and the high at Palmyra, Mo.

Southern Plains:

Ammonia terminal prices in the Southern Plains were flat-to-lower as producers shift attention to UAN and urea production for export.

Although many terminals had reportedly pulled prices, the last offers out of Oklahoma production points were pegged in the $1,050-$1,150/st FOB range, down from recent published highs at the $1,200/st FOB level, with the low confirmed at Woodward early in the week.

South Central:

Truck pricing for ammonia out of Gulf Coast terminals remained at $1,000-$1,080/st FOB, with the low confirmed at Beaumont, Texas. No prices were being offered at El Dorado, Ark., Midway, Tenn., or Cherokee, Ala., sources said.

Northwest Europe:

Even though gas prices are coming down, sources said the levels are still too high to consider making ammonia. The estimate production cost of ammonia, based on the spot price for gas, was put at $2,000-$2,100/mt. This is a level seen as too high for anyone.

The high cost to produce ammonia in Europe is an invitation for buyers to look at the abundant quantities of ammonia around the world. Deals in Antwerp are much lower. Sources reported Nutrien sales of Trinidad material to Eurochem at $1,310/mt C&F.

Arab Gulf producers are also offering tons into Northwest Europe. For them, the netback of about $1,100/mt FOB is much better than the netback from the $900/mt FOB they get for contract tons to India. Spot prices into India would have to be even lower, given the competition from China.

Sources said the price shift up is not surprising. Sellers have been pushing hard for a higher price, but buyers have been just as firm in opposing the move. Reportedly, a lot of buyers in Northwest Europe are looking to bring in cargoes from Trinidad, North Africa, the Arab Gulf, and Southeast Asia. One trader noted that the best evidence for surplus ammonia available on the global market is that the tons are being booked and the landed price is barely moving.

Traders expect to see some additional slight strength in pricing, but they also expect to see the price top off soon.

Media reports that Yara was shutting its ammonia production facility in Belgium were denied by the company late in the week. The company said due to the higher gas prices, it was planning to slow down production rather than shut down completely.

Traders said the nuanced position taken by Yara sums up the general feelings about the market. Nothing is black and white, said one trader. He noted that many of the ammonia plants produce CO2 as a byproduct. This byproduct is necessary in a number of other industries, thus requiring the plants to keep operating.

Black Sea:

The continued talk of an ammonia shortage because nothing is flowing out of the Black Sea continues to puzzle many in the industry.

Earlier in September, Trammo confirmed it is cooperating with the United Nations to re-open the ammonia pipeline out of Russia to the Ukrainian port of Odessa. Reportedly, Trammo would take ownership of the ammonia as it crossed the Russian-Ukraine border.

The reported reason for the project is a shortage of ammonia in the global market. Sources point to the plentiful supplies flowing into Northwest Europe from the Americas and Southeast Asia, however. While the prices are higher than normal, no one can argue there is a shortage, said one trader.

So far, sources have not reported any movement on the plan.

India:

Sources said long-term ammonia contracts are being concluded around $1,000/mt CFR. Spot purchases from China are said to be coming in at $850-$900/mt CFR.Sources said the spot deals are for smaller quantities than the contracts, but they are setting some new pricing ideas for future talks.

January-July 2022 imports of ammonia were reported at 1.2 million mt by Trade Data Monitor, down 15% from the 1.4 million mt imported during the same period in 2021. The top four main suppliers were Saudi Arabia with 515,000 mt, Qatar with 241,000 mt, Bahrain with 117,000 mt, and Indonesia with 101,000 mt. These countries accounted for 947,000 mt of the total imports during the first seven months of the year.

July 2022 imports were reported at 142,000 mt, representing a drop of almost half from the 272,000 mt imported during July 2021. Saudi Arabia dominated the market with 66,000 mt, for about 46% of the import market. Qatar took another third of the market with 46,000 mt, and Bahrain took another 13% of the market with 19,000 mt.

Middle East:

Netbacks for possible spot tons sold into Northwest Europe are calculated at $1,100/mt FOB.

Arab Gulf producers are looking for spot sales into Europe. The netbacks from sales into Europe are significantly higher than any spot deals into India. Contract sales to India and Southeast Asia also provide a smaller return on the sales than anything going into Europe.

China:

Exports from China jumped in the third quarter. July-August shipments alone exceed the combined exports from China for the years 2016-2021.India has been a prime buyer, taking 23,000 mt during January-August, with South Korea close behind at 16,000 mt.

August 2022 ammonia exports were reported at 19,000 mt by Trade Data Monitor, with India taking 18,700 mt. Exports during August 2021 were reported at 86 mt.

China has ammonia to export, said sources, because its industrial demand has dropped. Reportedly, the ammonia being offered is produced in China, rather than re-exporting any of the ammonia China imports.

January-August imports of ammonia were reported at 175,000 mt by Trade Data Monitor, down 71% from the 595,000 mt imported during the same period in 2021. The main suppliers were Indonesia with 92,000 mt, Saudi Arabia with 39,000 mt, and Malaysia with 33,000 mt.

August 2022 imports were reported at 20,000 mt, down 74% from the 77,000 mt imported during August 2021. Malaysia dominated the imports with 15,000 mt, for 75% of the market. The remaining tonnage came from Indonesia.

Urea

Black Sea, Brazil, China, Eastern Cornbelt, India, Indonesia, Market Watch, Middle East, Pakistan, Russia, South Central, Southeast, Southern Plains, U.S. Gulf, Urea, Western Cornbelt

US Gulf:

New NOLA urea barge business was quoted in the $620-$672/st FOB range, down from the week-ago $640-$687/st FOB. Early-week business was reported toward the high end of the range, but $620/st FOB was a common number by midweek.

Eastern Cornbelt:

Fueled by additional softening in NOLA barge pricing, the regional urea market slipped to $695-$705/st FOB Cincinnati, Ohio, down sharply from last week’s broad $715-$745/st FOB range. Sources also confirmed spot pricing out of Illinois River terminals at the $700/st FOB level during the week.

Western Cornbelt:

Urea pricing during the week reportedly dropped to $675-$680/st FOB St. Louis, Mo., down from a broad $690-$725/st FOB at last report. The top of the regional market continued to be quoted as high as $725/st FOB Caruthersville, Mo.

Southern Plains:

Urea prices were falling in the Southern Plains. The Catoosa/Inola, Okla., market was pegged in a broad range at $680-$710/st FOB, down from the prior week’s $710-$730/st FOB, with the lower numbers reported later in the week. Urea offers FOB Houston, Texas, were quoted at the $725/st FOB level at midweek.

South Central:

The urea market was pegged at $710-$740/st FOB in the South Central region, with the low confirmed at Memphis, Tenn., and the high at Little Rock, Ark. While the last confirmed business at Convent, La., was reported at the $685/st FOB level at mid-month, sources said tons were sold out at that location during the week.

Southeast:

Urea prices were unchanged at $700-$725/st FOB port terminals in the Southeast, depending on location.

India:

Sources said India will need at least two more tenders to close out the year. One trader said the country needs at least 3 million mt to close out the season. Anything less could put the country into panic buying mode for the next season, said another trader.

The next tender is expected to be called in mid-October. The call could come earlier if all the tonnage awarded in the recent RCF tender has nominated vessels. The shipping deadline for the RCF tender is Oct. 21. Sources expect to see higher prices in the next tender.

January-July 2022 imports of urea were reported at 5.8 million mt by Trade Data Monitor, up 62% from the 3.6 million mt imported during the same period in 2021. The top five suppliers accounted for 3 million mt.

Supplying Country Quantity (mt)
Oman 971,000
China 699,000
Saudi Arabia 486,000
United Arab Emirates 462,000
Qatar 457,000

Russia was officially the sixth major supplier with 435,000 mt. Sources said, however, the 319,000 mt identified as coming from Finland were also most likely from Russia, for a total of 744,000 mt. The tonnage reportedly from Finland, said one trader, probably was railed in and re-exported.

July 2022 imports were reported at 1.1 million mt, up marginally from the 1 million mt imported during July 2021. The main suppliers were China with 579,000 mt, for 51% of all urea imports, followed by Russia with 139,000 mt, representing a 12% share of the import market.

An estimated 3.7 million mt should have been delivered to India by July 2022, according to a count of tonnage purchased under tenders. The remaining tonnage, said sources, is most likely tied to the long-term contract signed between the Indian government and OMIFCO. Steady cargoes from the Omani company are expected each month.

Russia/Black Sea:

Shipping line-ups showed July urea exports from Russia at 255,800 mt. Trade Data Monitor does not have any numbers for July 2022, but reported the July 2021 exports from Russia at 499,000 mt. Many of the tons were being shipped out of Russian ports in the Baltic Sea. Exports from the Black Sea are largely limited to ports in the east because northern ports are in the war zone.

Material from Georgia, Uzbekistan, and other countries to the east of the Black Sea are pegged at $700/mt FOB. Russian urea coming out of the Black Sea is reported at $527-$530/mt FOB. Sources said the lower price is an inducement for buyers to take the tons.

Even though fertilizer is not covered by the sanctions imposed on Russia by the US and EU, traders are nervous about handling any Russian material in case the rules change. Already the EU has imposed sanctions on financing and insuring vessels loading at Russian ports. As a result, finding vessels to take the Russian urea is difficult.

Traders noted that Iran has found ways to work around the sanctions imposed against it because it has had more than 10 years to find ways to get their urea into the global market. Handlers of Russian product are still learning maneuvers such as how to swap paperwork to get past the Western sanctions.

There are reports that some urea railed from neighboring countries to the eastern Black Sea ports was diverted. Sources said the Russian rail lines reportedly forced some fertilizer-laden rail cars to a siding so the Russian military could use the lines to move military equipment and personnel. One trader said his cargo was delayed about a day.

Indonesia:

No new sales were reported out of Indonesia. Sources said the focus now is to move out the tons already booked. The lack of business keeps the price at $675/mt FOB for granular urea.

The European market continues to be a magnet for urea. Sources said the high price to produce urea in Europe has led companies to look for material elsewhere for imports. Egypt has long been a major supplier. However, in recent months Indonesia and Malaysia have also appeared on the radar screen.

Sources said the combination of freight costs, ship availability, and softer prices in Southeast Asia has led traders to look for deals from that area into Europe. Last month the United Kingdom took a cargo from Indonesia. Sources now report that another cargo from Malaysia is bound for Europe. In both cases, the deals were handled by traders.

While regular shipments are not expected, sources said more Southeast Asian urea could be finding its way into Europe as long as European prices remain high.

Middle East:

Sources said Arab Gulf producers were quiet as they processed the paperwork to ship out awards from the RCF tender and handle their long-term contract sales.

The paper market for the Arab Gulf into the fourth quarter is reportedly at $680/mt FOB. This would represent an increase over the current price, based on the RCF tender. A price increase is expected on the heels of the next Indian tender.

Egyptian producers were also quiet. The lack of any new business denied any price sampling out of the country, leaving the price at the $850/mt FOB level set last month. Sources said the netback to Egypt from India, based on the RCF tender price, would be $640-$650/mt FOB. However, buyers and sellers agree this is too low for Egyptian product.

Strong demand in Europe for imports will keep upward pressure on the Egyptian price. However, buyers are also finding that there are other suppliers who could replace the Egyptian tons at lower prices. Sources expect to see the price come down from the $850/mt FOB soon, but then go up again. Some are estimating the Egyptian price could return to the $900s/mt FOB in the fourth quarter.

For now, however, the paper market is calling the fourth quarter at $750-$780/mt FOB. Traders said they would be happy to secure a cargo at $760/mt FOB, but added that they doubt if such a deal could be made.

China:

Reports are circulating that some of the smaller producers are quietly moving tons to portside warehouses in the hope that they will get clearance to export the material. Sources said quiet inquiries are circulating among international traders, many of whom are skittish about making a deal unless all the proper customs paperwork is completed.

January-August 2022 urea exports were reported at 1.2 million mt by Trade Data Monitor, down 58% from the 2.9 million mt exported during the same period in 2021. India has dominated the buyers so far this year, taking 332,000 mt. This is down dramatically from the 1.1 million mt sent to India in January-August 2021. Other buyers this year were South Korea with 269,000 mt, and Pakistan with 204,000 mt.

August 2022 exports were reported at 351,000 mt, down 34% from the 261,000 mt exported during August 2021. Pakistan topped the buyers with 103,000 mt, for 29% of the exports. India took 98,000 mt for 28% of sales, followed by South Korea with 55,000 mt for 16% of the exports.

Pakistan:

International traders said the devastating floods in Pakistan have probably eliminated any possibility of a successful harvest this season. The government would do well to focus on purchasing more food on the global market instead of trying to replace the fertilizer lost in the disaster, said one trader .

Sources said there will most likely not be enough time to plant and harvest crops once the flood waters recede. Besides damages to the field, stored fertilizer in flooded warehouses is also damaged. The next season will require more purchases to supplement domestic production, said sources.

Brazil:

Urea prices took a quick slide this week. While early-week quotes were as high as $750-$760/mt CFR, by the end of the week sources put the range at $670-$720/mt CFR.

In midweek, sources reported a deal in Rio Grande that showed a netback to the ports of $700/mt FOB ex-warehouse. Sources were clear that the product was not Iranian, which has seen quotes at $700/mt CFR portside.

Reportedly, a possible push for lower prices came after urea from Oman and Algeria was offered at $660/mt CFR because the countries were looking to liquidate large inventories projected for the fourth quarter. The low offers came just as buyers were pushing for reduced prices. Buyers reportedly snapped up the deals quickly.

The paper market could barely keep up with the actual market. Sources reported the initial price projection was $740/mt CFR, to quickly drop to $685/mt by midweek. Sources said $650/mt CFR is expected over the weekend.

Even after the dramatic slide, sources said they are unsure about the direction of the urea market. International traders said Brazilian demand, combined with US and Indian needs, should be enough to hold the line on pricing into the last quarter of the year, and even push prices a bit higher. An apparent lack of demand in Brazil, however, is pushing the price down just as the rest of the world is poised to go up.

Rondonopolis is pegged at $850-$865/mt FOB ex-warehouse, but that is expected to drop after the dramatic slide in CFR prices. The Rondonopolis market is similar to that of Rio Grande, where the deal at $700/mt FOB ex-warehouse began the slide in prices.

Lack of demand remains a major problem for sellers. Weak rainfall in Mato Grosso has farmers hesitant to step up to buy product for the upcoming season.

UAN

Eastern Cornbelt, Market Watch, South Central, Southeast, Southern Plains, U.S. Gulf, UAN, Western Cornbelt

US Gulf:

NOLA UAN barge price ideas continued to firm. The market was quoted at $537-$550/st ($16.78-$17.19/unit) FOB, up from the week-ago $520-$540/st ($16.25-$16.88/unit) FOB.

Inland price ideas were also moving up, with domestic customers having to compete with Europe, which is taking more and more US product despite the duties on the product. Export price ideas were put in the $550-$560/st FOB range for the next round of business.

Eastern Cornbelt:

The last confirmed UAN-32 prices fell in the $565-$575/st ($17.66-$17.97/unit) FOB range for limited offers in the Eastern Cornbelt, with the upper end reported for “a few spot locations” on the Ohio River at midweek. Rail-DEL pricing firmed to $585-$600/st ($18.28-$18.75/unit) in the region. UAN-28 FOB Cincinnati was pegged at $495/st ($17.68/unit) FOB for any new business.

“UAN has been very quiet, with very few quotations,” commented one source. “CF seems to be sitting tight domestically on UAN and ammonia and focused on exports.”

Western Cornbelt:

UAN-32 prices in the Western Cornbelt remained at $555-$585/st ($17.34-$18.28/unit) FOB for limited offers, depending on location, with rail-DEL pricing pegged at $595-$600/st ($18.59-$18.75/unit) in Nebraska.

Southern Plains:

UAN terminal pricing continued to edge higher, although new offers were limited. Prices out of Southern Plains production points were pegged at $540-$570/st ($16.88-$17.81/unit) FOB at midweek, up from recent lows in the $520-$535/st ($16.25-$16.72/unit) FOB range. The last offers FOB Coffeyville, Kan., were pegged at the $550/st ($17.19/unit) level.

South Central:

UAN-32 terminal prices were strengthening, with reports of limited offers in the $555-$575/st ($17.34-$17.97/unit) range FOB South Central terminals, up from the last confirmed $525-$535/st ($16.41-$16.72/unit) FOB range. Pricing had reportedly been pulled at most terminal locations, however.

Southeast:

UAN-32 pricing in the Southeast jumped to $540-$570/st ($16.88-$17.81/unit) FOB port terminals, up from $520-$525/st ($16.25-$16.41/unit) FOB at last report, with the low confirmed in Georgia. Some sources suggested that list prices had firmed to as high as $600/st FOB at some locations, but new offers at that level were unconfirmed.