US Gulf:
NOLA UAN barges were quoted at $210-$230/st ($6.56-$7.19/unit) FOB for the last business.
US Imports:
April UAN imports firmed 115.8%, to 174,869 st from the year-ago 81,026 st. Imports stood at 2.34 million st in the July-April fertilizer year-to-date, up 51.7% from 1.54 million st.
Cargoes originating from Russia totaled 1.71 million in July-April. Canada sent 369,816 st, and Trinidad and Tobago added 217,566 st.
US Exports:
April UAN exports were noted at 102,526 st, a 41.5% increase from the year-ago 72,460 st. July-April volumes were up 372.3%, firming to 2.06 million from the prior-year 436,668 st.
Eastern Cornbelt:
The UAN-32 market was pegged at $260-$275/st ($8.13-$8.59/unit) FOB in the Eastern Cornbelt, down from last week’s $265-$290/st ($8.28-$9.38/unit), with the low confirmed at Mount Vernon, Ind. The latest UAN-28 offers were reported at $235-$240/st ($8.39-$8.57/unit) FOB Cincinnati, down from $255-$260/st ($9.11-$9.29/unit) the week before.
Western Cornbelt:
UAN-32 dropped to $245-$270/st ($7.66-$8.44/unit) FOB in the Western Cornbelt, down from last week’s $270-$300/st ($8.44-$9.38/unit) range, with the low reported for limited tons at St. Louis and the high at Port Neal, Iowa. The Muscatine, Iowa, market was pegged at the $255/st ($7.97/unit) FOB level. Sources said St. Louis tons were sold out by late on June 8.
Southern Plains:
UAN-32 was under pressure in the Southern Plains, with the latest offers quoted at $245/st ($7.66/unit) FOB Woodward, Okla., $255/st ($7.97/unit) FOB Verdigris, Okla., and $260/st ($8.13/unit) FOB Kansas terminals. Offers out of Gulf Coast terminals in Texas were pegged in the $260-$270/st ($8.13-$8.44/unit) FOB range.
As with ammonia, however, sources said aggressive delivered pricing for UAN was netting back to still-lower levels at the terminal.
South Central:
UAN-32 slipped to $245-$260/st ($7.66-$8.13/unit) FOB in the South Central region, down from $280-$300/st ($8.75-$9.38/unit) FOB at last report, with the low reported in Louisiana and the high for river terminal pricing in the Kentucky market.
Southeast:
UAN-32 pricing in the Southeast slipped to $285-$305/st ($8.91-$9.53/unit) FOB port terminals, down from $295-$310/st ($9.22-$9.69/unit) FOB in mid-May, with the low confirmed at Savannah, Ga., and the high at Wilmington. Inland terminals in Georgia were down slightly as well, but suppliers were still reportedly working through high-priced inventory.