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StoneX's Josh Linville tells 980 CJME that Hurricane Milton will disrupt phosphate supply from Tampa Bay facilities, which already had tight, high-priced phosphate and reduced tons. He expects limited structural damage but some supply loss right before fall application.
Hurricane-related supply disruption on top of already tight phosphate markets supports DAP prices and could raise input costs for crop producers.
cjme.comCKOM NewsOct 13, 2024After 13 past weather events, DAP moved a median 0.0% over 5 sessions (46% higher; middle half -0.2% to +0.9%), and +0.7% over 20.
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.
