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Phosphate rock prices drifted lower through 2017, with the market described as subdued after several years of weak pricing. Prices for DAP began rising in the fall, helped by supply losses at Mosaic following Hurricane Irma.
Lower phosphate rock and DAP costs ease input expenses for feed phosphate producers, but the late-2017 DAP uptick suggests firmer fertilizer costs entering 2018.
investingnews.comPriscila BarreraDec 28, 2017Not enough comparable past events yet for a historical read.
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.
