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Chewachem's Q1 review reports urea ended the quarter up 2.6% at $395 CFR after peaking at $455 in February. DAP supply was tight because no Chinese exports were approved in the first quarter, and sulphur rose over 150% in the quarter.
Tight DAP supply from China and rising sulphur costs keep phosphate and nitrogen input prices firm, supporting higher production costs for fertilizer-dependent crops used in feed.
chewachem.comMark LeonardApr 22, 2025After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
