U.S. Gulf: UAN barges were reported at $380-$385/st ($11.88-$12.03/unit) FOB.
While UAN imports were off 15 percent in March, they were still up 4 percent for the July-March period. March imports were 303,120 st, down from 355,333 st, while July-March imports were 2.65 million st, up from 2.53 million st.
Eastern Cornbelt: UAN-32 was quoted in the $435-$445/st ($13.59-$13.91/unit) range FOB Illinois terminals. Out of the Cincinnati, Ohio, market, sources pegged the UAN-28 market at the $385/st ($13.75/unit) FOB mark last week.
Western Cornbelt: The UAN-32 market in the Western Cornbelt had reportedly slipped to $415-$435/st ($12.97-$13.59/unit) FOB regional terminals, with the low quoted in the Nebraska market. One Iowa contact pegged the dealer market at the $432/st ($13.50/unit) FOB level for prompt tons at mid-month. Product continued to move for sidedress.
Southern Plains: Sources reported some UAN movement for corn sidedress and cotton planting in the Southern Plains region last week, but activity was limited. UAN-32 pricing was down from last report at $400-$420/st ($12.50-$13.13/unit) FOB regional terminals at mid-month, depending on location and supplier.
South Central: UAN-32 was moving on corn and cotton in the South Central region. The market had reportedly slipped to $415-$435/st ($12.97-$13.59/unit) FOB regional terminals, with several locations reporting low or sold-out inventories at mid-month. “It’s not getting replenished as fast as urea,” said one source.
Southeast: The UAN-32 market in the Southeast was quoted at $375-$380/st ($11.72-$11.88/unit) FOB port terminals, with UAN-30 at the $352/st ($11.73/unit) FOB level. Activity was described as quiet at mid-month.
“The consensus is that the market will drop as more vessels arrive,” said one source. One contact pegged the vessel market at $380/mt CFR “for stuff already here and floating,” but he added that vessel offers were as low as $310/mt CFR “if you can wait until June 10.”