Loading…
StoneX's June phosphate outlook expects global supplies to improve as China resumes exports and Russia runs above its three-year export average. Analysts see phosphate values continuing to correct lower from high levels.
North American prices may stay firmer because of US duties on Moroccan and Chinese product.
Improving global supply and falling values point to cheaper DAP and phosphate inputs, though US duties could keep domestic prices elevated for feed-grain growers.
stonex.comJosh LinvilleMay 23, 2024stonex.comJosh LinvilleMay 23, 2024stonex.comJosh LinvilleMay 23, 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.
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.
