# June '24 Farmer Fertilizer Focus - Phosphate

> 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.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30184-june-24-farmer-fertilizer-focus-phosphate
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [TSP](https://feedsoft.ai/c/TSP.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- UREA: bullish ▲
- POTASH: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en/insights/june-24-farmer-fertilizer-focus---phosphate-1499200/
- stonex.com: https://www.stonex.com/en/insights/june-24-farmer-fertilizer-focus---potash-1499201/
- stonex.com: https://www.stonex.com/en/insights/june-24-farmer-fertilizer-focus---urea-1499203/

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