
US farmers are likely to cut phosphate fertilizer applications this fall as DAP averages about $910 per ton and MAP about $955, well above year-ago levels. Potash prices have been steadier near $494 per ton, so growers are expected to shift spending toward potash.
Lower phosphate application demand from US growers weakens fertilizer demand while high input costs squeeze farm margins, a bearish signal for phosphate and a relative positive for potash.
Not enough comparable past events yet for a historical read.
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.