US Gulf:
The NOLA potash market remained at the $320-$325/st FOB level for the latest trades, unchanged from the prior week.
Potash was quoted at $380-$395/st FOB in the Eastern Cornbelt, with the Cincinnati market unchanged at $380-$390/st FOB in mid-January. The order period for 1Q fill program tons at $385/st FOB was slated to end after Jan. 19, with prices then rising $30/st for 2Q shipments.
Western Cornbelt:
Potash was pegged in the $360-$390/st FOB range in the Western Cornbelt, depending on location, with the St. Louis market quoted at $360-$370/st FOB. The order period for Nutrien’s winter fill program at $385/st FOB Midwest terminals for 1Q shipment was scheduled to end after Jan. 19, with a $30/st increase for 2Q delivery.
California:
Potash pricing slipped to $518-$548/st FOB or DEL in California for fill offers, down from the prior $530-$553/st FOB range, with the low for 1Q tons and the high for 2Q shipments.
Pacific Northwest:
Potash was pegged at $465-$473/st FOB or DEL for 1Q fill tons in the Pacific Northwest, down from the prior $482-$508/st FOB or DEL, with the high reflecting reference pricing for 62% MOP and the low for 60%. A $30/st increase was slated take effect at the end of the week.
The last postings from Intrepid FOB Moab and Wendover, Utah, included $435/st FOB for 60% white standard and $440/st for 60% white granular.
Western Canada:
Granular potash fill pricing in Western Canada was confirmed at C$540-$545/mt FOB Saskatchewan mines for 1Q truck shipments, depending on grade, down roughly C$40/mt from the last prompt business.
Brazil:
Despite an ongoing bearish sentiment in the Brazil potash market, driven in part by inventories reported at a record 3-3.5 million mt at the end of 2023, producers held levels at $290-$300/mt CFR, resisting buyer efforts to soften prices. The Rondonópolis market was steady at $420-$440/mt FOB ex-warehouse.