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StoneX analyst Josh Linville says phosphate values should fall given weak farm economics, but China's continued export restrictions and India's need to rebuild stockpiles keep prices supported. He sees more upside than downside risk for phosphate globally.
Continued Chinese export curbs and Indian buying point to firm DAP and phosphate prices, which raises fertilizer costs for grain and oilseed growers.
stonex.comJosh LinvilleAug 26, 2024stonex.comJosh LinvilleAug 26, 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.
