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DAP prices rose globally on tight supply and pre-planting demand, with Chinese export restrictions adding pressure. North American demand softened while Brazil saw firm prices, and shipping and labor issues constrained supply in Europe and Australia.
Firm DAP prices raise fertilizer costs for crop producers, which can curb planted acreage and support grain prices. Softer US demand may limit upside.
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.