AMMONIA
AMMONIA
U.S. Gulf/Tampa: Prices remained unchanged on the U.S. Gulf and at Tampa last week, and that was unlikely to change until after the next round of monthly negotiations is complete.
There was no word on whether pipeline problems at Trinidad had been corrected, but work was supposed to be finished by the middle of March.
Eastern Cornbelt: Anhydrous ammonia pricing was down just slightly from last report. Sources tagged the dealer market at $665-$685/st FOB regional terminals depending on location and time of delivery, with the low quoted in Illinois on a spot basis.
Western Cornbelt: Anhydrous ammonia pricing for prompt tons continued to be pegged at $635-$650/st FOB regional terminals, with reports of fall prepay offers in the $645-$660/st FOB range, depending on location. One Nebraska contact quoted prompt ammonia at the $640/st FOB mark at midweek in his location.
Southern Plains: The anhydrous ammonia market remained at $590-$595/st FOB regional production points for prompt tons, with the dealer market out of pipeline terminals in Kansas pegged in the $615-$620/st FOB range. Some sources said fall prepay offers were also on the table in the $605-$620/st FOB range from production locations, depending on which quarter the product is delivered.
South Central: The anhydrous ammonia market remained in the $665-$675/st range FOB terminals, with the low reported out of Memphis, Tenn., and the high at Henderson, Ky.
California: Effective March 11, Agrium’s reference prices for anhydrous ammonia moved to $685/st truck-DEL in central California and $690/st truck-DEL in northern California. Agrium’s aqua ammonia posting moved on March 11 to $185/st FOB in California.
UREA
UREA
U.S. Gulf: Because the spring season has been hampered by wet and cool weather, NOLA urea barge prices appeared to be drifting south a little last week. Until product begins moving out of terminals, the price will remain shaky.
The price range late last week was quoted at $350-$355/st FOB, with the lowest price being found on the Arkansas River. Most were asking for a price below $360/st FOB, but takers were few and far between.
Eastern Cornbelt: Granular urea pricing had reportedly slipped to the $405-$415/st FOB range in the Illinois market, depending on location. Ohio sources continued to quote the upper end of the range at $440/st FOB inland terminals on a spot basis.
Western Cornbelt: Granular urea pricing remained in a broad range in the Western Cornbelt region, with the low reported at the $400/st FOB mark in southern Missouri and the high at $440/st FOB in the Iowa market on a spot basis. Several sources put the common dealer range last week at $405-$415/st FOB most river terminals in the region.
Southern Plains: Several contacts reported good urea movement on wheat acres in the region in recent weeks. Granular urea pricing was quoted at $400-$405/st FOB the Tulsa market last week, down just slightly from last report.
South Central: South Central sources reported lower urea prices out of regional terminals. The dealer market was pegged in the $395-$400/st FOB range last week, down $10-$15/st from last report. “It’s going to be a lean, mean spring for urea,” said one contact, noting that rice acreage in the region will likely be down some 30-50 percent from last year. “At the end of the day there’ll probably be a lot more product remaining on the river than folks had calculated.”
Southeast: Granular urea pricing remained in the $420-$430/st range FOB port terminals, with the low FOB Norf