
Mosaic reportedly sold about 40,000 t of DAP for early-June loading to South Asia, with an estimated netback of about $840/t fob Tampa. The destination was not confirmed, though India is considered most likely.
No Indian importer sale at this level has been reported, with the latest confirmed Indian DAP deal at $865/t cfr.
A sizeable forward DAP sale at firm netbacks signals that phosphate prices remain high, supporting input costs for animal feed phosphate supplies.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.