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Phosphate rights prices in the Netherlands saw a sharp rise the previous week but eased this week, with the DCA listing for phosphate rights down €5 to €151.50. Lease rights fell €1.50 to €36 as remaining supply dried up.
Phosphate rights are a manure-disposal quota market for Dutch dairy and livestock farms rather than a feed or fertilizer commodity, so the move has little direct bearing on feed or grain prices.
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.