# Viewpoint: Tight US phosphate supply may ease | Latest Market News

> US phosphate buyers expect supply to ease next year because a weak fall application season left higher inventories across the Corn Belt. Unfavourable affordability is likely to curb spring demand. Earlier in the year, supply disruptions from a Mosaic fire and hurricanes had pushed DAP prices sharply higher.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31529-viewpoint-tight-us-phosphate-supply-may-ease-latest-market-news
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Carry-over inventories and weaker farmer demand point to softer US phosphate prices ahead, which lowers fertilizer cost pressure for grain and feed production.

## Read by commodity

- DAP: bearish ▼
- TSP: neutral

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2641507-viewpoint-tight-us-phosphate-supply-may-ease

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