Central Florida: With the crops pretty much planted in all of the areas normally served by rail from Central Florida, spot prompt sales of DAP and MAP were nonexistent last week. If a dealer was a little short on phosphate or any another fertilizer last week, he used trucks to pick up whatever was needed from local warehouses.
The price range for Central Florida DAP was unchanged at $435-$450/st FOB. Large customers were receiving the best prices.
List prices remained considerably higher, with Mosaic referenced at $465/st FOB for rail and $480/st FOB for trucks, and CF Industries posted at $520/st FOB. However, both companies were selling at below their posted prices. PCS Sales was selling at market prices out of Aurora and White Springs.
MAP continued to bring a $20/st premium over DAP at Central Florida.
U.S. Gulf: Last week was not a great time to be selling NOLA DAP or MAP barges. The planting season was over, and dealers were scraping the last of the product from their bins so they can end the season empty.
The general trend last week for phosphate products was that prices were higher at the beginning and gradually fell off as the week continued. Not a lot was likely to happen until after the Southwestern Fertilizer Conference on July 20-24.
One source said his offer to sell at $425/st FOB was rejected by a buyer who wanted to pay $420/st FOB. He said he saw no point at selling below $425/st FOB and kept the barge.
MAP prices for future delivery were about to take a tumble as product from North Africa, Mexico, and Russia was heading to the U.S. The forward price could fall to $430/st FOB or lower, at least for Russian product, but lower for others as well. The vessels were purchased by Koch and EuroChem, sources said.
Corn prices for July were at $6.6725/bushel last week, down from $6.7325/bushel a week earlier. Corn for December 2013 was at $5.385/bushel, down from $5.605/bushel at last report, while corn for December 2014 had fallen to $5.4975/bushel from the previous week’s $5.705/bushel.
Soybeans for July were at $15.485/bushel, up from $14.975/bushel a week earlier. Soybean prices for November 2013 had fallen to $12.7525/bushel from $12.85/bushel the previous week, while soybeans for November 2014 were posted at $12.4225/bushel last week, down from $12.5825/bushel a week earlier.
Wheat prices for July 2013 dropped to $6.635/bushel last week from $7.005/bushel the week before, while wheat for July 2014 fell to $7.1575/bushel from the previous week’s $7.48/bushel. The wheat price for July 2015 was posted at $7.325/bushel last week, down from $7.605/bushel at last report.
The NOLA DAP barge range last week changed from the previous week’s $418-$430/st to $418-$427/st FOB, based on a fairly small number of trades. MAP was less available and was quoted in the $440-$455/st FOB range, with the lowest price for Russian product and the highest for domestic.
Eastern Cornbelt: The DAP market remained at $468-$490/st FOB in the Eastern Cornbelt, with the low in Cincinnati and the upper end out of inland warehouses in the Ohio market. MAP was $20/st higher than DAP.
Sources continued to quote the 10-34-0 market in the $525-$550/st FOB range.
Western Cornbelt: DAP was quoted in the $460-$480/st FOB range in the region last week, down roughly $20/st from last report. MAP was $20/st higher than DAP, where available.
10-34-0 pricing remained in a very broad range at $450-$525/st FOB in the Western Cornbelt, with the low in Nebraska and the upper end in Iowa and Missouri.
Northern Plains: The DAP market remained flat at $460/st FOB Minneapolis, with MAP reported in the $480-$485/st FOB range at that location. North Dakota sources reported some dealer-to-d