# February '24 Farmer Fertilizer Focus - Phosphates

> StoneX's February 2024 phosphate outlook says global values have stayed mostly flat despite decent sales and fears over Chinese export blocks. Linville expects a correction later rather than in the next month or two, given strong global demand. He flags U.S. duties on China, Morocco and Russia limiting North American supply.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: policy · region North America · magnitude medium
- Page: https://feedsoft.ai/events/11965-february-24-farmer-fertilizer-focus-phosphates
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Flat values backed by solid spring demand and limited North American import access suggest phosphate prices hold near term, with downside risk later, supporting feed phosphate costs.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-02-01 | [January '24 Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/11962-january-24-farmer-fertilizer-focus-phosphates.md) | 0.0% | +0.4% |
| DAP | 2021-10-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/4700-farmer-fertilizer-focus-phosphates.md) | +4.6% | +4.6% |
| DAP | 2022-04-01 | [Farmer Fertilizer Focus - Phosphates](https://feedsoft.ai/events/5509-farmer-fertilizer-focus-phosphates.md) | -1.6% | -9.3% |
| DAP | 2023-12-29 | [January '24 Aussie Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/33051-january-24-aussie-farmer-fertilizer-focus-phosphate.md) | +0.4% | +2.6% |
| DAP | 2025-04-04 | [April '25 Aussie Farmer Fertilizer Focus - Phosphate](https://feedsoft.ai/events/25438-april-25-aussie-farmer-fertilizer-focus-phosphate.md) | 0.0% | +2.3% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/february-24-farmer-fertilizer-focus-phosphates/
- stonex.com: https://www.stonex.com/en/insights/february-24-farmer-fertilizer-focus-phosphates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.