U.S. Gulf: NOLA UAN barges continued to move down last week, and were generally put in the $165-$170/st ($5.16-$5.31/unit) FOB range. Others said NOLA needs to be anywhere from $140-$160/st FOB to attract any business in the near term, however.
The last done business for East Coast vessels was called $165-$170/mt CFR.
Eastern Cornbelt: Sources reported the low end of the UAN-32 market at $175/st ($5.47/unit) FOB Cincinnati and Mt. Vernon, Ind., after a significant producer pricing adjustment at mid-month. The move was met with incredulity from some dealers who had already positioned tons for the upcoming sidedress run. “They are building no trust with anybody in my opinion,” said one regional source.
The upper end of the UAN-32 market was pegged in the $190-$200/st ($5.94-$6.25/unit) FOB range in the region, depending on location.
Western Cornbelt: UAN-32 remained at $190-$205/st ($5.94-$6.41/unit) FOB in the Western Cornbelt, with the low end of the range quoted at Sergeant Bluff and Muscatine, Iowa. Pricing out of the Fort Dodge, Iowa, market was pegged at the $195/st ($6.09/unit) FOB level for new sales at mid-month.
Southern Plains: UAN-32 pricing was under pressure in the Southern Plains, with sources reporting that suppliers “don’t want to miss any business” at this stage of the season. The low end of the range was quoted at $185/st ($5.78/unit) FOB Texas Gulf Coast terminals and $190-$195/st ($5.94-$6.09/unit) FOB Oklahoma production points, with the upper end of the regional market pegged at $200/st ($6.25/unit) FOB out of truck terminals in Kansas.
South Central: The UAN-32 market had reportedly slipped in the South Central region, falling to $190-$195/st ($5.94-$6.09/unit) FOB terminals, down a full $20-$25/st from three weeks earlier.
Southeast: UAN pricing remained under pressure in the Southeast. Sources quoted the UAN-32 market at $175-$180/st ($5.47-$5.63/unit) FOB in the region, down roughly $10/st from last report, with the bulk of port terminals reported in the $176-$178/st ($5.50-$5.56/unit) FOB range for new business.