N.America Domestic

摘要

The domestic market remained largely at a standstill this week with discussion at an industry conference centering on the two established themes of higher barge freight rates and falling corn prices. The Nola barge assessment is slightly adjusted down on the low end to$430-445/st fob Nola to reflect the continuing impact of elevated spot freight rates on fob values, creating a wider spread.A domestic DAP barge with spot freight attached was offered at$435/st fob Nola this week and garnered little buying interest.Conversely,domestic producers are unwilling to bring down offers from$450-455/ st fob Nola,citing more affordable contract freight rates and adding support to the high end of the range.Forward trades suggest slight backwardation with at least one November barge of open origin product trading at$438/st fob Nola with contract freight.