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DAP phosphate prices on an FOB basis are guided at $650 to $670 per tonne for the second quarter, up from the earlier $635 to $655 range. The guidance cites strong market conditions.
Higher phosphate guidance raises the cost of phosphate-based fertiliser and points to firmer input costs for crop producers, which can feed through to feed grain prices.
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.