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StoneX's Josh Linville expects global phosphate values to stay flat to higher for October 2024. China is behind on export rates while India needs to rebuild stockpiles, and farmers seeing unsubsidized replacement values may cut back.
Chinese export restraint combined with Indian restocking keeps phosphate prices firm, supporting DAP costs for feed and crop inputs.
stonex.comJosh LinvilleSep 24, 2024stonex.comJosh LinvilleSep 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
