US Gulf:
While no new NOLA UAN business was confirmed during the week, sources pegged the latest indications at $240-$245/st ($7.50-$7.66/unit) FOB based on current river terminal pricing.
US Imports:
UAN imports for October moved 34.1% lower year-over-year, to 162,645 st from 246,886 st. July-October imports firmed 4.9%, however, to 731,746 st from 697,577 st in 2022. Russia sent 412,287 st for July-October, Trinidad and Tobago added 191,363 st, and Canada sent 128,096 st.
US Exports:
UAN exports fell 54.9% in October, to 166,662 st from 369,825 st in October 2022. July-October totals were down 26.5% year-over-year, sliding to 764,853 st from 1.04 million st. The US sent 263,174 st to France in July-October, while Australia took 169,142 st, ahead of 164,666 st to Argentina.
Eastern Cornbelt:
The UAN-32 market was pegged at $275-$300/st ($8.59-$9.38/unit) FOB regional terminals for December-January tons, with the low confirmed at Mount Vernon, Ind., and the high at Peru. The Cincinnati market remained at the $280/st ($8.75/unit) FOB level.
In the Great Lakes region, Michigan terminals were reported at $275/st ($9.82/unit) FOB for UAN-28 and $315/st ($9.84/unit) FOB for UAN-32.
Western Cornbelt:
UAN-32 remained at $275-$295/st ($8.59-$9.22/unit) FOB in the Western Cornbelt, depending on location, with the low reported at St. Louis for December-January tons. The Port Neal market was pegged at the $280/st ($8.75/unit) FOB level. Spring offers were reported in the $300-$305/st ($9.38-$9.53/unit) FOB range on a spot basis.
Southern Plains:
UAN-32 postings from CF at terminals in the Southern Plains were down $20/st following a reset earlier in December, with new list prices for December-January quoted at $255/st ($7.97/unit) FOB Verdigris and $260/st ($8.13/unit) FOB Woodward. The upper end of the regional range was pegged at the $280/st ($8.75/unit) FOB level in Kansas.
South Central:
The UAN-32 market was quoted at $275-$285/st ($8.59-$8.91/unit) FOB terminals in the South Central region, with the low reported for prompt tons in the Kentucky market and the high for local truck business in Alabama.
Southeast:
The UAN-32 market narrowed to $270-$280/st ($8.44-$8.75/unit) FOB regional terminals in the Southeast, within the prior $270-$290/st FOB range.