# Farmer Fertilizer Focus - Phosphates

> StoneX analyst Josh Linville says phosphate prices are unlikely to reset lower this summer, with inland values high and the Gulf DAP and MAP values rising. Spring demand was strong as buyers delayed purchases and then bought at higher grain-driven prices. Summer fill programs have begun.

- Date: 2021-05-03 · published 2021-05-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6421-farmer-fertilizer-focus-phosphates
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Rising corn values are expected to keep phosphate demand and producer price ideas firm. Buyers should expect little relief in fertilizer costs through summer.

## Read by commodity

- DAP: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2021-05-04 | 1 | +2.9% | 4.1 | Published 2021-05-03, one day before the move, it reports Gulf DAP and MAP values rising, strong spring demand and summer fill programs starting, so the supply-demand tightness and bullish sentiment plausibly drove the 2.9% DAP gain. |
| DAP | 2021-05-03 | 1 | +2.9% | 4.5 | Dated the same day as the move, it reports strong spring demand, rising Gulf DAP values and expectations that phosphate prices will stay high, which is consistent with a demand-driven jump in DAP. |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/farmer-fertilizer-focus-urea-2021-05-03/
- stonex.com: https://www.stonex.com/en/insights/farmer-fertilizer-focus-phosphates-2021-05-03/
- stonex.com: https://www.stonex.com/en-us/insights/farmer-fertilizer-focus-urea-2021-05-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.