Nitrogen Solutions

U.S. Gulf: Like urea, UAN barges that were readily available were reported to be garnering a premium last week. As a result, barges were called $385-$400/st ($12.03-$12.50/unit) FOB, with unconfirmed reports as high as $410/st ($12.81/unit) FOB. The most common number heard was a firm $390/st ($12.19/unit) FOB.

Eastern Cornbelt:
Sources pegged the UAN market in the Eastern Cornbelt at $13.30-$13.75/unit FOB regional terminals, with the low reported in the Ohio market on a spot basis. Sources continued to quote reference prices as high as $400.40/st for UAN-28 ($14.30/unit) and $460/st ($14.38/unit) for UAN-32.

Western Cornbelt: UAN-32 was quoted in a broad range at $430-$460/st ($13.44-$14.38/unit) FOB in the Western Cornbelt, and remained in limited supply. Missouri sources said the pace was picking up for sidedress applications on corn, with one reporting that sidedress demand will be “full bore” in his trade area by the first of May.

Southern Plains: UAN was in very tight supply in the Southern Plains, with plant problems and loading allocations limiting availability. The UAN-32 market had reportedly strengthened to $425-$440/st ($13.28-$13.75/unit) FOB terminals for very limited spot material. “Tons are available,” said one source. “It might take a few phone calls to find product, though.”

South Central: UAN-32 out of South Central terminals was quoted at $435-$460/st ($13.59-$14.38/unit) FOB, with the upper end in Arkansas and the low reported out of Memphis and Louisiana terminals. Sources reported UAN moving briskly for corn sidedressing in Arkansas, Tennessee, and Kentucky last week.

Southeast: UAN activity was in a seasonal lull in the Southeast, but sources said the solutions market was “just on the verge” of heavy sidedress movement in the region. UAN-30 was quoted at $350-$355/st ($11.67-$11.83/unit) FOB port terminals in the region, with UAN-32 pegged in the $385-$390/st ($12.03-$12.19/unit) FOB range out of Georgia terminals. Sources quoted the UAN-32 vessel market on the East Coast at $415/mt CFR for May tons and $400/mt CFR for June.