
Participants at the Argus Fertilizer Latino Americano conference in Miami in late January expressed bullish sentiment for nitrogen, phosphate and potash over the next two to three months. Higher sulfur prices support phosphate margins, Mosaic extended the idling of two Brazilian SSP plants, and Morocco's OCP loadings were hit by weather.
Sulfur costs, plant idlings and logistics disruption constrain phosphate supply in Latin America, supporting DAP and SSP prices. Bullish nitrogen sentiment adds to firm urea pricing for the region.
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.