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A promotional page notes that DAP prices on an FOB basis are expected at $650-670 per tonne in the second quarter, revised up from $635-655. The guidance cites strong market conditions.
Higher phosphate guidance raises the cost of phosphate fertilizer and pushes up crop input costs, which can influence future grain planting economics.
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.