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StoneX's Josh Linville says global phosphate supplies remain tighter than normal with Chinese export flows running below normal, and demand has not pulled back as some expected. He expects phosphate values to stay flat over the next month, but warns that fear of missing spring and high prices raise downside risk into summer.
Tight phosphate supply and steady demand keep DAP and MAP prices firm for feed-related buyers in the near term, but high carry costs and the risk of a summer price reset point to possible downside later.
stonex.comJosh LinvilleFeb 24, 2025Not 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.
