US Gulf:
Though no new NOLA UAN business was reported during the week, sources quoted the barge market at $225-$235/st ($7.03-$7.34/unit) FOB based on netbacks from upriver terminal pricing, down from the prior week’s $235-$245/st ($7.34-$7.66/unit) FOB range.
Eastern Cornbelt:
The UAN-32 market continued at $260-$275/st ($8.13-$8.59/unit) FOB in the Eastern Cornbelt, with the low at Cincinnati and the high on the Illinois River during the week. The Mount Vernon, Ind., market continued to be quoted at $270/st ($8.44/unit) FOB. The latest UAN-28 offers at Cincinnati were reported at the $231.88/st ($8.28/unit) FOB level.
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 and Caruthersville and the high in Iowa on a spot basis. Sources pegged the Dubuque, Iowa, market at the $275/st ($8.59/unit) FOB level during the week.
Southern Plains:
The UAN-32 market in the Southern Plains was pegged at $255-$280/st ($7.97-$8.75/unit) FOB in early June, down from the prior $275-$310/st ($8.59-$9.69/unit) FOB range, with the low reported at Woodward and Verdigris, Okla.
South Central:
UAN-32 was quoted at $270-$285/st ($8.44-$8.91/unit) FOB in the South Central region for prompt tons, with the low reported in Kentucky and Arkansas.
Southeast:
UAN-32 in the Southeast slipped to $275-$285/st ($8.59-$8.91/unit) FOB regional terminals, with the low confirmed in Georgia. Port terminal offers were generally reported at the $280/st ($8.75/unit) level FOB Wilmington and Norfolk, Va. Sources reported some delay in sidedress applications due to wet weather in early June.
France:
UAN prices at Rouen continued their bullish march this week, with highs reaching €265/mt FCA for the latest offers. With no confirmed sales, however, the UAN Rouen price this week was quoted at €245-$265/mt FCA based on the spread between bids and offers. Sources said the French market is about 35-40% covered for UAN for the new season.