
Tridge reports that sulfur prices have risen 322% in a year because of Strait of Hormuz pressure, that phosphate demand is weakening, and that urea is advancing again. The page text is mostly cookie consent notices and contains no further detail.
Sulfur costs feed directly into phosphate production economics, and renewed urea strength would lift nitrogen fertilizer costs for feed grain producers.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 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.
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.