US Gulf:
The UAN barge market remained at an indicative $235-$245/st ($7.34-$7.66/unit) FOB NOLA based on netbacks from upriver terminal pricing, though no actual barge transactions were reported during the week.
Eastern Cornbelt:
The UAN-32 market was quoted at $260-$275/st ($8.13-$8.59/unit) FOB in the Eastern Cornbelt, down from $270-$290/st ($8.44-$9.06/unit) FOB, with the low confirmed at Cincinnati during the week. The latest UAN-28 offers at Cincinnati were reported at the $228-$236.25/st ($8.14-$8.44/unit) FOB level, down from $240.63/st ($8.59/unit) FOB.
Western Cornbelt:
UAN-32 was unchanged at $270-$290/st ($8.44-$9.06/unit) FOB for prompt tons in the Western Cornbelt, depending on location, with the low confirmed at St. Louis.
Northern Plains:
The UAN-28 market was quoted at $250-$265/st ($8.93-$9.46/unit) FOB terminals in the Northern Plains, with reference prices for delivered tons from Canada holding at $325/st ($11.61/unit) level for the last confirmed offers.
Great Lakes:
The UAN-28 market was pegged in a broad range at $248-$287/st ($8.86-$10.25/unit) FOB in the Great Lakes region, depending on location, with the higher end of the range reported out of Michigan terminals.
Northeast:
The temporary channel has allowed Baltimore UAN inventories to be partially restocked as the first sidedress applications begin on early-planted corn in the Northeast.
UAN-32 pricing in the region slipped to $275-$295/st ($8.59-$9.22/unit) FOB for the latest offers, down from the previous $310-$320/st ($9.69-$10.00/unit) FOB range. Both the high and low ends of the range were reported at Baltimore in late May, while offers at Fairless Hills were quoted at the $295/st FOB level during the week.
The latest 27-0-0-3S offers were pegged at the $270/st level FOB Baltimore.
Eastern Canada:
UAN-28 pricing in Eastern Canada slipped to C$416-$460/mt (C$14.86-$16.43/unit) FOB in late May, just C$4/mt lower at the bottom of the range. The UAN-32 market in Ontario was down C$5/mt, to C$475/mt (C$14.84/unit) FOB.
France:
Rouen UAN prices ticked higher, following the bullish momentum in the urea market. The latest indications were reported at €215-€230/mt FCA, though business as high as €235/mt FCA is believed possible by some sellers. The previous week’s €210-215/mt FCA offers were no longer deemed workable.