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Phosphate and potash fertilizer prices rose sharply in early 2021 on top of strong crop prices. Pandemic-related production cuts and delays at new plants in Morocco and Saudi Arabia tightened U.S. supply.
Supply was partly recovering for the 2021 crop year but remained tight.
Tight phosphate and potash supply combined with strong demand from high crop prices points to higher P and K prices through 2021, raising input costs for feed grain and oilseed producers.
proag.comFeb 19, 2021After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
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.
