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StoneX's Josh Linville says global phosphate prices appear to have found short-term support after aggressive purchases by major buyers. He expects longer-term downside as supplies normalize, citing Chinese export programs and future Norwegian production.
Near-term firmness in phosphate values raises buying costs now, though the analyst expects prices to ease over the longer term as supply recovers.
stonex.comJosh LinvilleSep 25, 2023stonex.comJosh LinvilleSep 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.
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.
