US Gulf:
NOLA UAN barges remained at a nominal $240-$245/st ($7.50-$7.66/unit) FOB based on upriver pricing, with no new business reported to test the market.
US Imports:
November UAN imports totaled 163,956 st, off 40.4% from 274,900 st in November 2022. July-November imports were 895,702 st, down 7.9% from the year-ago 972,477 st. Russia sent 532,062 st for July-November, Trinidad and Tobago added 191,363 st, and Canada sent 168,944 st.
US Exports:
UAN exports for November softened 67.4% year-over-year, to 79,941 st from 245,028 st. July-November shipments were 34.3% lower, at 844,794 st compared to 1.29 million st last year. France received 288,527 st of US product in July-November, while Australia took 169,150 st, topping 164,666 st to Argentina.
Eastern Cornbelt:
UAN-32 was pegged at $275-$300/st ($8.59-$9.38/unit) FOB regional terminals in the Eastern Cornbelt, depending on location, with the low reported at Mount Vernon, Ind., for prompt tons. The Cincinnati market continued to be quoted at the $280/st ($8.75/unit) FOB level for January-February business, with Ottawa pricing at $280-$285/st ($8.75-$8.91/unit) FOB.
Western Cornbelt:
The low end of the regional UAN-32 market dropped at midweek to $260/st ($8.13/unit) FOB Port Neal, Iowa, for 1Q shipments, with 2Q tons quoted at the $275/st ($8.59/unit) FOB level at that location. The upper end of the market was pegged at $290-$295/st ($9.06-$9.22/unit) FOB for January-February tons, with delivered offers quoted at a similar range in Iowa.
Southern Plains:
UAN-32 was unchanged at $255-$280/st ($7.97-$8.75/unit) FOB terminals for prompt tons in the Southern Plains, with the low reported at Verdigris, Okla., and the high out of Kansas terminals. UAN pricing out of Gulf Coast terminals in Texas were quoted at similar levels in early January.
South Central:
The UAN-32 market remained 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.
Southeast:
UAN-32 prices in the Southeast generally remained at $270-$280/st ($8.44-$8.75/unit) FOB regional terminals in early January, though sources described the market as weak, with a recent $269/st ($8.41/unit) FOB Wilmington deal providing the low end of the range.