U.S. Gulf:
NOLA potash barges continued to be called $775-$820/st FOB, with the low reported for the domestic market and the high still doable for exports. There was a report of a forward domestic trade for as low as $740/st FOB.
Eastern Cornbelt:
Potash pricing in the Eastern Cornbelt remained at $800-$820/st FOB during the week, depending on location. Spot quotes included $800/st FOB river terminals in southern Indiana, $810/st FOB Ottawa, and $815/st FOB Cincinnati.
Western Cornbelt:
Potash pricing slipped to $790-$825/st FOB in the region, depending on location, with the high reported at Caruthersville and on a spot basis in the Iowa market. The St. Louis potash market was pegged in the $790-$805/st FOB range, with pricing at St. Paul quoted at $790-$810/st FOB in late April.
Southern Plains:
Potash pricing was quoted at $795-$825/st FOB in the Southern Plains, with the low reported at Houston and reflecting a $30/st drop from the prior week – a roughly $80/st drop from price levels reported in early April. The common potash price FOB Catoosa/Inola was pegged at $800/st FOB in late April.
Potash postings from Intrepid FOB Carlsbad, N.M., remained at $855/st for 60 percent white granular and $875/st FOB for 62 percent white standard.
South Central:
The potash market slipped to $800-$825/st FOB in the South Central region, down $10/st from last report, with the low confirmed in Kentucky and the high in Arkansas. The Memphis potash market was pegged in the $810-$815/st FOB range in late April.
Southeast:
New potash offers in the Southeast were confirmed at $810/st FOB port terminals at Wilmington, Charleston, and Norfolk, up from recent lows in the upper-$700s/st. Rail-DEL potash was pegged in the $830-$840/st range in the Southeast.
Brazil:
A tightening of the market price to $1,170-$1,250/mt CFR seems to be coming as buyers become concerned that future supplies from Russia and Belarus will dwindle as global sanctions take hold.
Rondonópolis softened a bit to $1,270-$1,350/mt FOB ex-warehouse as sellers look to clear out their warehouses in the hopes that newer MOP arrives for the second semester of the year.