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Global DAP prices fell in the final week of October as raw material costs eased, procurers held off purchases, and importing nations delayed demand. Brazil DAP traded at USD 600-640 CFR while US retail DAP was reported at USD 930/tonne.
Weaker phosphate fertilizer prices lower feed-grain production costs over time but signal soft fertilizer demand, which can weigh on planted-acreage expectations for corn and soy.
chemanalyst.comTimothy GreeneOct 31, 2022Not 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.
