U.S. Gulf: Sources were doubtful that the $450/st FOB low of last week could still be repeated, especially since the lower numbers were not quickly embraced by all sellers.
Price ideas for the next round of business were anywhere from $460-$485/st FOB. The latter would be more in line with the recent $20/st FOB increase in producer postings, but most indications are that those hikes have yet to stick at inland locations.
Eastern Cornbelt: The potash market remained at $500-$510/st FOB regional warehouses. Some regional suppliers had reposted at higher levels on the basis of higher producer postings, but no sales were confirmed to support those numbers.
Western Cornbelt: Potash was unchanged at $500-$510/st FOB regional warehouses, with several sources touting the low end of that range as “the common number out there.”
Northern Plains: Although higher potash postings took effect July 21 from some producers, regional sources last week continued to quote the granular potash market at $480-$490/st FOB Saskatchewan mines, depending on grade, and $500-$510/st FOB Minnesota warehouses.
Great Lakes: Although some producer postings had firmed to $530/st FOB, Great Lakes regional sources continued to quote the potash market at $510/st FOB on the low end.
Northeast: Potash pricing remained at $520-$530/st FOB and $530-$540/st rail-DEL in the Northeast. Potash postings from PCS Sales firmed $20/st on July 21 to $540/st FOB Baltimore, but sources said the new reference price was untested.