US Gulf:
NOLA UAN barges remained at $210-$230/st ($6.56-$7.19/unit) FOB in a thinly-traded market. While some sources said July/3Q business might be doable at $190/st FOB, others suggested that this was speculation only.
“I am not sure why anyone would buy that today ahead of summer fill that we will see within weeks, and could possibly be below that,” commented one industry contact.
Eastern Cornbelt:
UAN prices slipped to $255-$275/st ($7.97-$8.59/unit) FOB in the Eastern Cornbelt, with the low confirmed for a brokered sale at Cincinnati. The Mount Vernon, Ind., market remained at the $260/st ($8.13/unit) FOB level, while the last UAN-28 offers were reported at $235-$240/st ($8.39-$8.57/unit) FOB Cincinnati.
The latest UAN-32 pricing in the Northeast was pegged at the $300/st ($9.38/unit) level FOB Fairless Hills for June tons.
Western Cornbelt:
UAN-32 was pegged at $255-$270/st ($7.97-$8.44/unit) FOB in the Western Cornbelt, with the low reported at Muscatine, Iowa. After selling out late in the previous week, new St. Louis UAN-32 offers were quoted at the $260/st ($8.13/unit) FOB level at midweek.
California:
UAN-32 prices in California slid to $335-$350/st ($10.47-$10.94/unit) FOB Stockton for the latest prompt offers, down from the last-confirmed $375-$400/st ($11.72-$12.50/unit) FOB range. Rail-DEL offers in Northern California were pegged in the low-$300s/st on a spot basis.
Pacific Northwest:
The UAN-32 market slipped to $320-$330/st ($10.00-$10.31/unit) FOB terminals in the Pacific Northwest, down from $350-$375/st ($10.94-$11.72/unit) FOB at last report. Rail-DEL pricing in the region was also down sharply, to $318-$327/st ($9.94-$10.22/unit) from the previous $365-$388/st ($11.41-$12.13/unit) DEL range.
Western Canada:
UAN-28 was pegged at C$445-$455/mt (C$15.89-$16.25/unit) DEL in Western Canada for prompt June offers, with no fill programs reported at mid-month.