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Hurricane Ian is forecast to strike Florida, where much of the US phosphate fertilizer production and phosphate rock mining is concentrated. The storm threatens operations at mines and processing facilities.
Disruption to US phosphate output would tighten domestic supply at a time when fertilizer costs are already high, likely lifting DAP and phosphate rock prices. Higher fertilizer costs also feed into higher food costs.
bloomberg.comElizabeth Elkin, Jen SkerrittSep 27, 2022After 13 past weather events, DAP moved a median 0.0% over 5 sessions (46% higher; middle half -0.2% to +0.9%), and +0.7% over 20.
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.
