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StoneX's Josh Linville says North American phosphate prices should hold steady over the next few months, with volatility but no sharp break. Ending spring inventories were higher than expected and prices are high relative to corn, but the lack of Chinese phosphate exports supports values.
Restricted Chinese phosphate exports keep global supply tight, which supports phosphate and DAP prices and raises input costs for feed grain and livestock producers.
stonex.comJosh LinvilleJul 3, 2022Not enough comparable past events yet for a historical read.
Not 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.
