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StoneX analyst Josh Linville rates the phosphate outlook as bearish for the coming months. He expects major global buyers to purchase later than the market anticipates and North American spring demand to underperform again.
Inventory carryover into summer is expected to weigh on prices.
Weak buying and expected carryover suggest phosphate export prices will stay under pressure. Buyers who need spring phosphate supplies may find better pricing if they delay purchases, but they face the risk of late availability.
stonex.comJosh LinvilleApr 3, 2023Not 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.
