Loading…
US farmers face phosphate shortages this spring, with suppliers running out of MAP and 11-52-0 during the April application window. The article attributes part of the problem to tariffs on Moroccan phosphate that limit imports from the largest foreign supplier, with Mosaic supplying over 80% of US phosphate.
Import restrictions tightening domestic phosphate supply support US phosphate prices and can delay application, with possible yield effects on corn and other crops.
farmanddairy.comGail KeckMay 19, 2023Not enough comparable past events yet for a historical read.
After 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.
