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US DAP prices fell through January 2026 on soft farm-level demand and ample imports, then rebounded about 3.3% in early February. Growers delayed spring pre-buy programs and shifted toward precision application and substitutes such as MAP and APS.
Distributors entered planting with adequate coverage.
Weak US demand and abundant imports point to limited upside in DAP prices into the planting window. The early-February bounce is unlikely to last without firmer buying.
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.