Loading…
Several US fertilizer suppliers withdrew spot offers on February 24, 2022, as uncertainty from Russia's invasion of Ukraine unsettled markets. Mosaic pulled DAP, MAP and MOP barge offers, and some nitrogen suppliers also withdrew offers.
Market participants expected spring supply to be unaffected, but values, already rising for Nola urea, could climb.
Withdrawn offers reduce phosphate and potash availability at US ports, and the planned loss of Belarusian potash from April tightens supply further. Buyers should expect firmer DAP, potash and urea prices.
argusmedia.comFeb 24, 2022After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
On Feb 24 Mosaic and other US suppliers pulled DAP, MAP and MOP barge offers after the invasion, a direct supply-side shock that removed spot offers and pushed DAP prices up within the window.
