# Farmer Fertilizer Focus - Phosphates

> NOLA DAP phosphate prices fell from the upper $700s to about $750 per short ton in late May 2022. Spring demand was weaker than expected due to weather, leaving higher inventory carryover into summer, and Russian exports are finding buyers again.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7603-farmer-fertilizer-focus-phosphates
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Heavier carryover inventory and returning Russian supply pressure phosphate producers and suppliers, pointing to continued weakness in North American DAP prices.

## Read by commodity

- DAP: bearish ▼
- PHOSROCK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DAP | 2022-05-31 | 5 | -11.6% | -4.2 | NOLA DAP prices fell in late May as weak spring demand, higher inventory carryover and Russian exports returning to buyers pushed prices lower, which directly explains the DAP decline. |
| DAP | 2022-06-01 | 5 | -12.2% | -4.0 | NOLA DAP prices fell in late May as weak spring demand, higher inventory carryover and Russian exports finding buyers again eased supply tightness, directly explaining the drop. |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/farmer-fertilizer-focus-phosphates-2022-05-31/
- stonex.com: https://www.stonex.com/en/insights/farmer-fertilizer-focus-phosphates-2022-05-31/

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