U.S. Gulf: Sources last week were transfixed on the forward market, rather than prompt, putting July-August fill prices in the $240-$280/st FOB range. Actual prompt transactions were hard to find, but sources said anything to garner a prompt trade would have to be sub-$300/st ($8.75-$9.06/unit) FOB.
Eastern Cornbelt: UAN pricing in the region had reportedly slipped to $13.13-13.75/unit FOB, depending on location, with some terminals reportedly out of product in late May. The UAN-28 market in Cincinnati, Ohio, was pegged in the $370-$375/st ($13.21-$13.39/unit) FOB range late last week.
Western Cornbelt: The UAN-32 market had reportedly slipped to $410-$432/st ($12.81-$13.50/unit) FOB regional terminals. Several Iowa sources pegged the common dealer price in the $410-$420/st ($12.81-$13.13/unit) FOB range in late May.
Northern Plains: The UAN-28 market was pegged at $372-$385/st ($13.29-$13.75/unit) FOB regional terminals, with delivered tons quoted as high as $455-$460/st ($16.25-$16.43/unit) in North Dakota.
Northeast: Heat, humidity, and heavy rainfall settled over much of the Northeast during the final days of May. The late May moisture continued to delay the completion of planting in some locations.
Sources reported some UAN movement for corn sidedressing, as weather and field conditions permitted. The UAN-32 market had reportedly slipped to $370-$393/st ($11.56-$12.28/unit) FOB coastal terminals in the Northeast, with the dealer market in upstate New York pegged at the $424/st ($13.25/unit) FOB mark.
Eastern Canada: Heavy rains were reported in northwestern Ontario and parts of Quebec in late May, which eased drought concerns. Sources continued to report some fertilizer movement for sidedress and the tail end of planting in some locations.
Ontario sources pegged the nitrogen solutions market at $398/mt for UAN-28 ($14.21/unit) FOB, with UAN-32 quoted at $454-$455/mt ($14.19-$14.22/unit) FOB. There were also reports of excess UAN-32 tons being bartered between dealers for as low as $420-$440/mt ($13.13-$13.75/unit) FOB in late May, however.