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StoneX's Josh Linville says nitrogen and phosphate values start 2025 firm on tight supply and demand, raising concern about spring prices. He flagged the threat of 25% US tariffs on Canadian goods, noting Canada is the largest potash producer and exporter.
Tight nitrogen and phosphate supplies and possible tariffs on Canadian potash could lift fertilizer costs for farmers and feed producers into spring. Tariffs would likely raise US input prices.
farmweeknow.comRHIANNON BRANCH FarmWeekJan 13, 2025Not enough comparable past events yet for a historical read.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
