Nutrien expects farmers to use more fertilizer despite low crop prices, while noting that high phosphate prices could hurt short-term demand. Mosaic's commercial executive said phosphate prices have climbed steadily on demand constrained by supply, though global shipments are expected to approach a record.
Producer commentary that phosphate demand is being deferred at high prices suggests a balance that could limit further DAP gains even as overall shipments stay strong.
Not enough comparable past events yet for a historical read.
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.