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US phosphate traders are divided on how much fall demand will be lost to poor affordability and limited supply. One camp expects only about 20pc lower demand than last fall, while the other expects a 30-40pc reduction.
A short ton of Nola DAP required 206 bushels of corn to buy, compared with 133 bushels in September 2024.
Sharp demand destruction would weigh on phosphate prices, but the market is undersupplied so supply limits could keep prices firm. The outcome depends on how much nutrient replacement farmers still need.
argusmedia.comTaylor ZavalaMar 25, 2024Not 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.
