# Florida fertilizer plants, grain mills close as Hurricane Milton nears

> Florida fertilizer plants and grain mills closed ahead of Hurricane Milton's landfall. Analysts said the loss of processing and phosphate shipments following Helene and Milton will further tighten the phosphate market, with a large share of US ammonium phosphate and phosphate rock capacity affected.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/28178-florida-fertilizer-plants-grain-mills-close-as-hurricane-milton-nears
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Phosphate supply shortfalls in the US push up DAP and MAP prices for feed and crop buyers, and closed grain mills reduce local demand for corn and soybeans temporarily.

## Read by commodity

- DAP: bullish ▲
- SOY: neutral
- CORN: neutral
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-12 | [Brazil producers hope for rain as soybean planting nears end](https://feedsoft.ai/events/13678-brazil-producers-hope-for-rain-as-soybean-planting-nears-end.md) | -0.3% | +1.8% |
| SOY | 2017-04-19 | [New climate data assessment tools for US grain farmers](https://feedsoft.ai/events/71337-new-climate-data-assessment-tools-for-us-grain-farmers.md) | +0.9% | +3.2% |
| SOY | 2024-09-27 | [Many factors play in to possible counter-cyclical moves in the grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28325-many-factors-play-in-to-possible-counter-cyclical-moves-in-the-grain-markets.md) | +0.5% | -4.3% |
| SOY | 2025-01-29 | [U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada](https://feedsoft.ai/events/6889-u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries.md) | +2.9% | -2.0% |
| SOY | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -2.0% | +2.6% |
| CORN | 2022-10-18 | [ANALYSIS - US brewers lose fizz, as malting barley prices rise at fastest on record - Grain Price News](https://feedsoft.ai/events/39211-analysis-us-brewers-lose-fizz-as-malting-barley-prices-rise-at-fastest-on.md) | -0.9% | -2.3% |
| CORN | 2017-02-07 | [Markets waiting for certainty on South American summer crop - Grain Central](https://feedsoft.ai/events/72338-markets-waiting-for-certainty-on-south-american-summer-crop-grain-central.md) | +1.9% | +1.6% |
| CORN | 2023-06-01 | [Feed weekly outlook: Weather market will determine grain prices - AgCanada](https://feedsoft.ai/events/35565-feed-weekly-outlook-weather-market-will-determine-grain-prices-agcanada.md) | -2.2% | -3.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/florida-fertilizer-plants-grain-mills-close-hurricane-milton-nears-2024-10-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.