DAP prices in the US rose up to 13% in the prior month and were assessed at USD 915/MT at Illinois delivered. The article links the increase to global fertilizer costs, higher natural gas prices and Russia's temporary export ban running to April 2.
Expensive phosphate and potash inputs raise the cost of crop production, supporting grain prices and lifting the cost base for feed producers over time.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% over 20.
Not enough comparable past events yet for a historical read.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.