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Third-quarter molten sulfur delivered to Tampa settled at a record $705/long ton, up from $655 in Q2. US Gulf spot export prices reached $1,100–1,150/t in July.
Retail DAP averaged $916/t and MAP $959/t, and researchers say sulfur spot prices have passed $1,000/t.
Record sulfur costs raise phosphate production costs, which pass through into higher DAP and MAP prices for US farmers.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% 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.