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Europe's largest phosphate fertilizer maker is increasing sales to the U.S. after a rival, Mosaic, shut an aging plant and the U.S. phosphate market swung into deficit. The producer has already sold 500,000 metric tons in the U.S. this year, approaching its full prior-year volume of 600,000 tons.
Reduced domestic US phosphate output and increased imports tighten supply, which supports DAP and phosphate prices for US buyers.
bloomberg.comYuliya FedorinovaJul 12, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 31 past bullish logistics events, DAP moved a median +0.5% over 5 sessions (58% higher; middle half -0.4% to +0.9%), and +1.6% 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.
