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Phosphate fertilizers have recovered more slowly than potash and nitrogen. DAP prices were only 3% to 8% higher year over year in key US markets as of early October, and excess capacity persists with new supply coming from Morocco and Saudi Arabia.
Excess phosphate capacity caps price upside, although reduced Chinese export volumes could tighten supply. Phosphate costs are likely to stay range-bound for feed-related crop inputs.
marketrealist.comAdam JonesOct 13, 2017Not 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.
