US Gulf:
The NOLA UAN barge market was called $420-$440/st ($13.13-$13.75/unit) FOB, down from the previous $450-$460/st ($14.06-$14.38/unit) FOB. Some sources expected the next round of business in the $350-$400/st FOB range.
US Imports:
November UAN imports were noted at 274,900 st, up 8.1% from 254,387 st in the prior-year period. July-November exports totaled 972,477 st, however, off 15.0% from the year-ago 1.14 million st.
Russia topped the July-November import market with 672,174 st, ahead of 176,926 st from Canada and 110,807 st from Trinidad and Tobago.
US Exports:
UAN exports for November firmed 915.8% year-over-year, to 245,028 st from 24,122 st. July-November shipments moved 342.5% higher, to 1.29 million st from 290,439 st in the prior year.
Eastern Cornbelt:
UAN-32 was pegged at $480-$500/st ($15.00-$15.63/unit) FOB regional terminals, with the low confirmed at Mount Vernon, Ind., for January-February tons and the high at Seneca, Ill. UAN-28 was quoted as low as $418-$425/st ($14.93-$15.18/unit) FOB Cincinnati.
Western Cornbelt:
UAN-32 slipped to $480-$500/st ($15.00-$15.63/unit) FOB in the Western Cornbelt, with the low at St. Louis and the high reported in the Iowa market.
Southern Plains:
UAN-32 pricing in the Southern Plains fell to $415-$440/st ($12.97-$13.75/unit) FOB regional production points, depending on location, down from the previous week’s $440-$445/st FOB range. One source speculated that there “must be a lot of product” in tanks because producers “seem willing to make deals now.”
South Central:
UAN-32 pricing was down significantly in the South Central region. January-February offers were confirmed in a broad range at $450-$480/st ($14.06-$15.00/unit) FOB, with the low for truck tons in Louisiana and the high reported by Kentucky sources out of Ohio River terminals.
Southeast:
UAN-32 pricing out of port terminals slipped to $535-$540/st ($16.72-$16.88/unit) $554/st ($17.31/unit) FOB in the Southeast, with inland terminals remaining at the $540-$550/st ($16.88-$17.19/unit) FOB level in Georgia.