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StoneX's Josh Linville says global phosphate prices look flat to bearish going forward as the largest exporter resumes normal practices and the largest buyer's imports run ahead of average. North American logistics and import duties on China, Russia and Morocco are limiting supply flows to inland buyers.
A bearish global outlook could ease phosphate prices, though North American logistics constraints may keep inland prices elevated.
stonex.comJosh LinvilleOct 25, 2023stonex.comJosh LinvilleOct 25, 2023stonex.comJosh LinvilleOct 25, 2023Not 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.
