U.S. Gulf: Players put barge pricing within the $260-$270/st FOB ($8.13-$8.44/unit) range last week. Sources said product was posted at NOLA at $280/st FOB with no takers.
Some sources expressed concern that with good movement of ammonia for sidedress this year, much UAN may not find a home, leaving considerable UAN inventories in inland tanks as the season ends. This despite expectations of large corn acreage and increased nitrogen demand this year. Sources added to the speculation by noting that domestic producers have been increasing UAN capacity in recent years. Regardless, there was much concern about pricing continuing to weaken into the summer.
Eastern Cornbelt: Sidedress movement on corn was winding down in the Eastern Cornbelt last week, and UAN pricing was starting to slip.
Sources in southern Illinois tagged the UAN-32 market in the $400-$415/st ($12.50-$12.97/unit) FOB range last week. In the Ohio market, UAN-28 was pegged at $365-$370/st ($13.04-$13.21/unit) FOB Cincinnati and $375/st ($13.39/unit) FOB inland terminals. One source said there were reports of UAN-28 offers as low as $350/st ($12.50/unit) FOB Cincinnati as the week progressed.
Western Cornbelt: The UAN-32 market in the Western Cornbelt remained flat at $410-$430/st ($12.81-$13.44/unit) FOB regional terminals. Sidedress movement on corn continued in Minnesota last week, but activity was nearly finished in the Western Cornbelt.
Southern Plains: UAN pricing varied in the Southern Plains as demand ebbs and availability remains spotty. Some sources put the top of the UAN-32 range at $420/st ($13.13/unit) FOB for the tail end of the sidedress run, while others said pricing out of regional production points had slipped to $400-$410/st ($12.50-$12.81/unit) FOB.
South Central: Prompt UAN-32 out of regional terminals was still quoted as high as $415-$435/st ($12.97-$13.59/unit) FOB last week. Availability was described as spotty, but movement was winding down quickly in the region, with some applications expected yet on cotton. Several sources speculated that fill programs for nitrogen solutions will be drastically lower than the current spot market.
Southeast: While some areas of the Southeast were in a lull between sidedress movement on corn and cotton, sources in other locations reported steady UAN movement to the field in early June, either for sidedress or ahead of replanted corn. The UAN-30 market was quoted at $345-$350/st ($11.50-$11.67/unit) FOB Norfolk, Va., and Wilmington, N.C. Out of terminals in Georgia, sources said UAN-32 pricing had slipped to as low as $352/st ($11.00/unit) FOB on a spot basis.