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Midwest DAP phosphate prices jumped 29% in the third quarter, the largest quarterly rise since 2010, according to a Green Markets index. The surge followed Mosaic's petition against Moroccan and Russian phosphate imports, which has raised the prospect of countervailing duties.
Triple superphosphate prices rose 8% in two months to $282 per tonne.
Sharply higher phosphate costs raise fertilizer expenses for US crop producers, which can shift planting economics and eventually influence corn and soybean supply and feed grain prices.
oceanmining.newsPoseidonOct 6, 2020
rockphosphate.co.nzAndrew HamiltonOct 5, 2020Not 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.
