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DAP prices in the US rose sharply in the third week of September 2022, reaching $806/tonne delivered Illinois with a weekly gain of 13%. Hurricane Ian threatened Florida phosphate operations owned by Mosaic and Nutrien, which supply DAP and MAP.
Florida phosphate output is a key domestic supply source, and a prolonged outage would force costlier imports under US levies on Russian and Moroccan phosphate, pushing fertilizer costs higher for feed grain producers.
chemanalyst.comSep 29, 2022Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
