U.S. Gulf: Imports have hit the NOLA dock and were put in the $202-$210/st ($6.31-$6.56/unit) FOB range, with more hopeful sellers quoting $210-$215/st ($6.56-$6.72/unit) FOB last week.
The last done East Coast vessel trades were put as low as $216-$225/mt CFR, with sources saying price ideas have moved back up to the $225-$235/mt CFR range for the next round of sales.
Eastern Cornbelt: UAN-32 pricing in Illinois was pegged at $285-$295/st ($8.91-$9.22/unit) FOB river terminals, with the low end of the range down another $5/st from last report. UAN-28 pricing was also lower at $250-$270/st ($8.93-$9.64/unit) FOB in Ohio and Indiana, with the low FOB Cincinnati.
There were reports of summer fill UAN being offered for as low as $245/st ($7.66/unit) FOB in Illinois on a spot basis for tons pulled after July 15. One source said fill buyers were even “gun shy” at that low level, however. “There’s a lot of negativity related to low corn prices,” he said.
Western Cornbelt: Sources reported some UAN movement for corn sidedress in the Western Cornbelt last week, as weather and field conditions allowed.
The UAN-32 market had reportedly slipped to $285-$300/st ($8.91-$9.38/unit) FOB for prompt tons in the region, down roughly $10-$15/st from last report. One Iowa contact said the window was rapidly closing due to rapid corn growth in his area, and a Missouri source said sidedress demand was already over in his location.
Southern Plains: UAN-32 was quoted at $270-$275/st ($8.44-$8.59/unit) FOB out of coastal terminals and regional production points in the Southern Plains.
South Central: UAN-32 was quoted at $280-$290/st ($8.75-$9.06/unit) FOB terminals in the South Central region, down $5/st from last report.
Southeast: The UAN-32 market in the Southeast had reportedly slipped to $245-$250/st ($7.66-$7.81/unit) FOB port terminals, down $5/st from last report. The slipping terminal market was attributed to slower demand and weaker import vessel pricing.