Loading…
Export prices of MAP have risen steadily since mid-June, with FOB China 11-44-0 at $370-385 per ton and 10-50-0 at $427-446 per ton. Strong Brazilian demand ahead of the September-October planting season, tight US supply and rising ammonia costs are pushing prices higher.
Brazilian pre-planting buying and tight supply support firm phosphate prices into the fall, increasing fertilizer costs for farmers and feed grain production.
kelewell.deAntonia ZAug 9, 2023After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
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.
