U.S. Gulf:
Potash barges continued to be called flat at $670-$685/st FOB.
Eastern Cornbelt:
The potash market was quoted at $715-$730/st FOB in the Eastern Cornbelt, depending on location, with the Cincinnati market unchanged at $715-$725/st FOB in late November.
Western Cornbelt:
Potash pricing was steady at $715-$725/st FOB in the Western Cornbelt, depending on location, with the low reported at St. Louis.
California:
Potash pricing remained at $695-$705/st FOB for the last reported Q4 offers, with the low for 60 percent and the high for 62 percent MOP.
Pacific Northwest:
Sources reported no new offers circulating for potash, with the last business pegged at the $662-$672/st level FOB regional warehouses for Q4 tons. The last posted potash prices from Intrepid FOB Moab and Wendover, Utah, included $675/st for 60 percent white granular and $670/st for 60 percent white standard.
Western Canada:
Sources said most offers for truck tons of potash had been pulled, with the last prices reported at C$965-$975/mt FOB Saskatchewan mines for Q4 offers.
Brazil:
The Russian agreement to honor all urea commitments to Brazil got MOP buyers hoping that Russia will also step in with some help on the potash field. Sources said buyers remain nervous because of the uncertainty over whether Belarus MOP will be included in the sanctions set by the U.S.
The nervousness, however, has not yet translated to a major shift in prices. Sources pegged the import price at $795-$830/mt CFR. This reflects a minor fluctuation on the lower end of the range from previous weeks.
Limited business this week has the inland market at Rondonopolis pegged at $930/mt FOB ex-warehouse.