Fertilizer Prices Take a Sulfur Shock as Brazil Buying Fades

Brazil fertilizer prices are easing as soybean planting closes the import window, but a sulfur shortage limits how far phosphate can fall. Tomas Pernias, StoneX Brazil, Senior Market Intelligence Analyst, explains how phosphate, nitrogen and potash are responding to softer Brazilian demand. Phosphate output stays constrained by the sulfur shortage, Chinese export controls and reduced Middle Eastern supply. Nitrogen gets seasonal support from Brazilian restocking ahead of safrinha corn, while China urea export quotas and Strait of Hormuz risk pull the other way. Potash is the most stable segment, though drone attacks on Russian ports have raised concerns over Russian potash exports. Download the StoneX 2026 Commodities Outlook: https://www.stonex.com/en/insights/commodities-outlook/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26 Discover Actionable Fertilizer Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/fertilizers?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26_sxtv_tomas_pernias 00:00 - Fertilizer Breaks Its Script 00:23 - Brazil Soy Planting Shuts Door 02:38 - Sulfur Caps Phosphate Slide 04:34 - Urea Quotas Meet Hormuz Risk 06:37 - Potash Calm, Russian Drones Like and subscribe for more financial market insights. #Fertilizer #StoneX #TomasPernias #Phosphate --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social