Fitch Ratings raised its 2025-2026 price assumptions for urea and DAP but left ammonia assumptions unchanged. The article text is truncated after the opening paragraph.
Upward revisions in a major rating agency's fertilizer price deck signal expectations of firmer urea and DAP prices over the next two years.
After 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.
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.