US Gulf:
NOLA UAN remained at an untested $240-$245/st ($7.50-$7.66/unit) FOB based on upriver pricing, but sources said new NOLA business is imminent.
“We are seeing bid interest from UAN barge buyers this week as they prepare for spring application,” commented one source. “We expect a nice rally to come in UAN as it is tight.”
Eastern Cornbelt:
UAN-32 firmed to $290-$305/st ($9.06-$9.53/unit) FOB regional terminals, depending on location and time of shipment, with the low reported for prompt tons at Mount Vernon, Ind., and the high in Illinois. The Cincinnati market was pegged at $290/st ($9.06/unit) FOB for February-March and $295/st ($9.22/unit) FOB for April-May.
In the Great Lakes region, Michigan sources quoted the latest UAN-28 offers at $270-$282/st ($9.64-$10.07/unit) FOB for prompt tons and $278-$287/st ($9.93-$10.25/unit) FOB for April-May, depending on location.
Western Cornbelt:
UAN-32 was pegged at $280-$300/st ($8.75-$9.38/unit) FOB terminals in the Western Cornbelt, up roughly $10/st, depending on location. The St. Louis market reportedly nudged up to $290-$295/st ($9.06-$9.22/unit) FOB for prompt tons, with the higher number also reported at Caruthersville, Mo.
Southern Plains:
UAN-32 strengthened to $270-$290/st ($8.44-$9.06/unit) FOB terminals in the Southern Plains for limited prompt tons, up from the previous $260-$285/st ($8.13-$8.91/unit) FOB, with the low confirmed out of Gulf Coast terminals in Texas.
Sources said several locations were sold out for February-March. The Woodward market reportedly edged up to $275-$280/st ($8.59-$8.75/unit) FOB in late February.
South Central:
The UAN-32 market widened to $265-$290/st ($8.28-$9.06/unit) FOB terminals in the South Central region for prompt tons, with the low reported in Louisiana and Alabama and the high in Kentucky.
Southeast:
UAN-32 in the Southeast firmed to $270-$280/st ($8.44-$8.75/unit) FOB regional terminals in late February, up from the previous low of $265/st ($8.28/unit) FOB. Sources said most port terminals were at the $275/st ($8.59/unit) FOB level during the week.
France:
UAN prices at Rouen were flat during the week, with ample supply of Russian material continuing to hamper the price ambitions of Western European producers.
French farmers are reportedly well covered on UAN with just 10-15% of total needs to be purchased, but some just-in-time demand is still expected, particularly as the weather improves across Western Europe and the pace of applications picks up.