U.S. Gulf: A good bit of activity was reported last week as CF was said to have put out a fill number at $260/st ($8.13/unit) FOB, down from an earlier $280/st ($8.75/unit) FOB. Sources said many were coming into the market as a result.
New trades on the barge market were called $258-$265/st ($8.06-$8.28/unit) FOB, though some thought better deals could be had. Others disagreed, saying the low numbers came off the table once the buying began.
Eastern Cornbelt: Illinois sources quoted UAN-32 as low as $335-$345/st ($10.47-$10.78/unit) FOB for prompt tons, down significantly from last report, with summer fill offers at the $320/st ($10.00/unit) FOB level or lower for July and August. In Ohio, sources pegged the UAN-28 market at $285/st ($10.18/unit) FOB Cincinnati last week.
Western Cornbelt: The UAN-32 market was quoted in a broad range at $325-$380/st ($10.16-$11.88/unit) FOB Western Cornbelt terminals for prompt tons, depending on location. Missouri sources also reported fill offers as low as $285-$295/st ($8.91-$9.22/unit) FOB on a spot basis, but some claimed offers at those numbers were off the table as the week progressed because of the number of orders already taken.
Northern Plains: UAN pricing was dropping in the Northern Plains region. Sources quoted UAN-28 at $300/st ($10.71/unit) FOB the Twin Cities for prompt tons, with delivered UAN-28 quoted in the $350-$355/st ($12.50-$12.68/unit) range in North Dakota.
Great Lakes: In northern Wisconsin and Michigan, sidedress work with UAN continued at mid-month. In Michigan, sources quoted UAN-28 at the $345/st ($12.32/unit) FOB level for prompt pull, with summer fill tons reportedly being offered for as low as $260/st ($9.29/unit) FOB Courtright, Ontario, for take in July and August.
Wisconsin sources quoted the UAN-32 market at $335-$345/st ($10.47-$10.78/unit) FOB for prompt sidedress tons, with summer fill pricing in the $305-$320/st ($9.53-$10.00/unit) FOB range for July and August. One Wisconsin source also quoted delivered UAN-32 at the $320-$330/st ($10.00-$10.31/unit) level for summer fill last week.
Northeast: Northeast sources reported very little fertilizer demand last week, although sidedress movement of UAN continued in some locations. The UAN-32 market for prompt pull was quoted at $370-$373/st ($11.56-$11.66/unit) FOB Baltimore, Md., and $12.25-$12.50/unit FOB terminals in upstate New York. The UAN vessel market was pegged at the $290/mt CFR level for new indications.