
Mosaic released December loading offers at New Orleans, pricing DAP at $650/st FOB and MAP at $630/st FOB. The DAP offer is $70/st below the Argus November monthly average and MAP is $63/st lower.
The winter fill program remains open until December 5 and prices are subject to change.
Lower phosphate offers reduce input costs for feed and grain producers in the near term, though the cut reflects softer demand rather than a supply shock. Buyers may see modest relief in phosphate-linked costs for the winter season.
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.
Mosaic's December New Orleans DAP offer at $650/st FOB, $70/st below the November average, directly reset the benchmark lower and explains most of the sharp 5-day drop.