U.S. Gulf:
NOLA UAN barge price ideas continued to soften, falling to $575-$590/st ($17.97-$18.43/unit) FOB, down from the week-ago $600/st ($18.75/unit) FOB.
Eastern Cornbelt:
The UAN-32 market was steady at $640-$660/st ($20.00-$20.63/unit) FOB regional terminals in the Eastern Cornbelt, with the low confirmed at Cincinnati, Mount Vernon, Ind., and Peru, Ill., and the high at Terre Haute, Ind.
The UAN-28 market reportedly slipped to a low of $535-$540/st ($19.11-$19.29/unit) FOB Cincinnati, down from the last offers at $560-$565/st ($20.00-$20.19/unit) FOB.
Western Cornbelt:
The UAN-32 market was steady at $630-$650/st ($19.69-$20.31/unit) FOB in the Western Cornbelt, with the St. Louis market remaining at the $640/st ($20.00/unit) FOB level for the last offers. New prices out of Oklahoma production points reportedly dropped to $595-$605/st ($18.59-$18.91/unit) FOB, down from earlier reports of $640/st ($20.00/unit) FOB.
Northern Plains:
UAN-32 pricing in Minnesota fell to $675-$685/st ($21.09-$21.41/unit) FOB, down $5/st from last report, with the low confirmed at Winona and the high at Pine Bend. The UAN-28 market in central and eastern North Dakota dropped to a low of $550/st ($19.64/unit) FOB in early June, down significantly from the $595-$600/st ($21.25-$21.43/unit) FOB level reported in mid-May.
“We expect sidedress to pick up this week once it dries out from the last storms,” commented one source at midweek.
Northeast:
The UAN market FOB Baltimore, Md., continued to be quoted at the $690/st ($21.56/unit) level for UAN-32 and $637/st ($21.23/unit) for UAN-30. UAN-32 pricing out of terminals in upstate New York was reportedly down a full $100/st, however, to $650/st ($20.31/unit) FOB for new June sales.
In the Southeast, new UAN-32 offers at coastal terminals in Georgia were quoted at $600-$614/st ($18.75-$19.19/unit) FOB on June 1, down from the last reported range of $625-$640/st ($19.53-$20.00/unit) FOB.
“As normal, the week over Memorial Day is very busy with fertilizer and crop spraying,” commented one regional source. “We have seen some cutbacks on fertilizer. While we hear that some customers did not put any nitrogen on their corn crop other than manure until sidedressing in hopes that nitrogen comes down, what we hear more from growers is that sidedressing UAN is where they are planning to cut back on their nitrogen use if UAN and urea prices remain high.”
Eastern Canada:
The UAN-28 market was pegged at C$925/mt (C$33.04/unit) FOB in Eastern Canada, with UAN-32 pricing holding at the C$1,068/mt (C$33.38/unit) FOB level in Ontario.
France:
Sources said UAN prices in France have weakened further, in line with falling ammonia and urea prices. Little in the way of fresh buying activity was reported, however.