
US farmers face sharply higher phosphate prices, with one grower reporting about $200 more per ton than a year ago. Tariffs on Saudi Arabia, Jordan and Egypt, which supplied 86% of US phosphate imports last year, have constrained supply.
A National Corn Growers Association survey found nearly 40% of producers plan to cut fertilizer applications.
Planned fertilizer cutbacks could lower application rates and reduce yields, while high input costs against weak crop prices squeeze farm margins. Tariffs keep US phosphate prices elevated relative to global markets.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.