The US DAP market witnessed cautious sentiment during February 2026 as weak agricultural demand coincided with rising geopolitical tensions stemming from the ongoing Iran–Israel conflict. Although domestic supply conditions remained stable and production continued without major disruptions, global fertilizer markets grew increasingly attentive to potential risks emerging from the Middle East. The region plays a critical role in supplying key feedstocks such as sulfur and energy resources that influence phosphate fertilizer production costs and trade flows. Market participants also monitored the possibility of logistical challenges in international shipping routes, which could affect fertilizer exports and imports if tensions escalate further. Despite steady feedstock availability in the US, subdued farm-sector purchasing and ample inventories kept market activity restrained. Looking ahead, fertilizer traders remain watchful of geopolitical developments, as prolonged instability could reshape global phosphate supply chains and influence fertilizer trade dynamics.
