# StoneX Projects No Clear Direction for Fertilizers at the End of 2026: Nitrogen Fertilizers Up, Phosphates May Fall

> StoneX’s quarterly fertilizer outlook, released October 8, says fertilizer markets may move in different directions through the end of 2026. Nitrogen prices, including urea, face upward pressure from the Middle East conflict, while phosphate prices such as MAP could ease if supply bottlenecks are resolved; the report identifies potash as having the most favorable risk-return profile.

- Date: 2026-11-08 · published 2026-11-08T12:12:18.648Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/87451-stonex-projects-no-clear-direction-for-fertilizers-at-the-end-of-2026-nitrogen
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Conflict-related supply risks underpin higher nitrogen prices, while any easing of phosphate supply constraints could increase availability and weigh on phosphate prices. Buyers may face different cost trends depending on the nutrient they need.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- UREA: bullish ▲
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-02-25 | [U.S. Fertilizer Prices Rise for Second Week as Urea Leads Nitrogen Rally](https://feedsoft.ai/events/20928-u-s-fertilizer-prices-rise-for-second-week-as-urea-leads-nitrogen-rally.md) | +28.3% | +35.4% |
| UREA | 2022-12-22 | [Top 10 calls of 2023 for the fertilizer market - CRU Group](https://feedsoft.ai/events/38176-top-10-calls-of-2023-for-the-fertilizer-market-cru-group.md) | -1.7% | -11.8% |
| UREA | 2021-06-08 | [Fertilizer prices expected to stay high over the remainder of 2021](https://feedsoft.ai/events/11017-fertilizer-prices-expected-to-stay-high-over-the-remainder-of-2021.md) | -0.6% | +0.8% |
| UREA | 2021-03-17 | [UAN28 Leads Fertilizer Prices Higher as Nitrogen Prices Spike](https://feedsoft.ai/events/48434-uan28-leads-fertilizer-prices-higher-as-nitrogen-prices-spike.md) | +0.4% | -1.9% |
| UREA | 2025-08-20 | [World Bank Projects Higher Fertilizer Prices Into 2026 -](https://feedsoft.ai/events/23634-world-bank-projects-higher-fertilizer-prices-into-2026.md) | -0.8% | -8.5% |
| DAP | 2023-06-07 | [International Fertilizer Association confirmed no shortage of phosphorites expected - Fertilizer Daily](https://feedsoft.ai/events/35820-international-fertilizer-association-confirmed-no-shortage-of-phosphorites.md) | -1.7% | -2.1% |
| DAP | 2020-01-29 | [PhosAgro boosts fertilizer production to a record 9.5 million tonnes in 2019 - NewsnReleases](https://feedsoft.ai/events/55404-phosagro-boosts-fertilizer-production-to-a-record-9-5-million-tonnes-in-2019.md) | +9.5% | +8.6% |
| DAP | 2024-01-28 | [India notified trend of average International prices of fertilisers upto Dec 2023 -](https://feedsoft.ai/events/32432-india-notified-trend-of-average-international-prices-of-fertilisers-upto-dec.md) | -1.7% | -1.3% |

## Sources

- soloesafra.com.br: https://soloesafra.com.br/2026/11/07/stonex-projeta-fim-de-2026-sem-direcao-unica-para-os-fertilizantes-nitrogenados-em-alta-fosfatados-podem-cair/

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