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Nutrien decided not to sell its phosphate division after non-binding bids failed to meet expectations, citing a difficult seller's market caused by the Middle East war. CEO Ken Seitz called phosphate an unsustainable situation amid volatile sulphur costs.
The company will shut its White Springs, Florida facility in Q2 2027.
Sulphur disruption from the Strait of Hormuz constrains phosphate output, supporting DAP and phosphate prices and tightening North American supply. The White Springs closure further reduces capacity.
theglobeandmail.comKate HelmoreNov 5, 2026After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Not 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.
