What if China extends its phosphate export halt?
China extending its phosphate/DAP export suspension prolongs the fertilizer squeeze into planting — long phosphate (Mosaic, Nutrien) and a farmer-margin hit; the Nasdaq/semis/yuan trade-war cascade is misattributed to a fertilizer-supply story. Rhymes with China's 2021-22 phosphate curbs that spiked DAP and pressured Indian/Brazilian buyers. Transmission: India and Brazil scramble for Moroccan/Saudi DAP, lifting global prices. Forward: China is the swing phosphate exporter, so prolonged curbs structurally re-rate the cost curve into the next crop cycle.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 0–6 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a mixed shock. China extends its phosphate and DAP export suspension past August 2026, prolonging the global fertilizer squeeze into the next planting season. The trigger decomposes into signed root‑shocks — Fertilizer cost ▲ · Food inflation ▲ · Trade tension ▲ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.8% hist -0.78–-0.13% · other way -0.56% (n=12) |
| 2 | Semiconductors SMHon Hyperliquid 📈 chart | Equity | ▼ -0.8% hist -0.54–-0.15% · other way +1.1% (n=12) |
| 3 | Nvidia NVDAon Hyperliquid 📈 chart | Equity | ▼ -0.7% hist -0.6–-0.12% · other way +2.18% (n=12) |
| 4 | TSMC TSMon Hyperliquid 📈 chart | Equity | ▼ -0.7% hist -0.48–-0.12% · other way +2.02% (n=12) |
| 5 | Alibaba BABAon Hyperliquid 📈 chart | Equity | ▼ -0.6% hist -1.44–+0.24% · other way -1.25% (n=12) |
| 6 | Tech sector XLK 📈 chart | Equity | ▼ -0.6% hist -0.38–-0.19% · other way -0.47% (n=12) |
| 7 | AMD AMDon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -0.31–-0.13% · other way -1.86% (n=12) |
| 8 | Broadcom AVGOon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -1.13–+2.15% · other way -1.79% (n=12) |
| 9 | Micron MUon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -0.56–+0.3% · other way +4.47% (n=12) |
| 10 | Marvell MRVLon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -0.72–+1.25% · other way +1.54% (n=12) |
| 11 | ASML ASMLon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -2.31–+0.81% · other way -2.98% (n=12) |
| 12 | Chinese yuan CNY 📈 chart | FX | ▼ -0.4% hist -0.73–+0.06% · other way -0.7% (n=12) |
| 13 | Wheat WHEATon Hyperliquid 📈 chart | Commodity | ▲ +0.3% hist -0.22–+0.19% · other way -1.03% (n=12) |
| 14 | Corn CORNon Hyperliquid 📈 chart | Commodity | ▲ +0.3% hist -1.04–+0.6% · other way -0.12% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| INTC INTC | SHORT | -5.5% · 5d -3.7% | 75% | 35 | 0.49 | ✓ matches cascade |
| WHEAT WHEAT | SHORT | -0.3% · 5d -0.8% | 67% | 34 | 0.26 | ⚠ differs |
| AMD AMD | SHORT | -0.1% · 5d -0.6% | 66% | 35 | 0.23 | ✓ matches cascade |
| QCOM QCOM | SHORT | -3.4% · 5d -2.5% | 67% | 34 | 0.23 | ✓ matches cascade |
| BABA BABA | SHORT | -1.1% · 5d -1.9% | 60% | 34 | 0.16 | ✓ matches cascade |
| MRVL MRVL | LONG | +1.4% · 5d -2.0% ↺ fades | 60% | 34 | 0.15 | ⚠ differs |
| INR INR | SHORT | -0.3% · 5d +0.2% ↺ fades | 60% | 34 | 0.15 | ✓ matches cascade |
| CNY CNY | SHORT | -0.5% · 5d -0.3% | 57% | 34 | 0.14 | ✓ matches cascade |
| NDX NDX | SHORT | -0.3% · 5d -1.1% | 60% | 34 | 0.13 | ✓ matches cascade |
| NVDA NVDA | SHORT | -0.2% · 5d -2.0% | 60% | 34 | 0.13 | ✓ matches cascade |
| AVGO AVGO | LONG | +2.3% · 5d -1.4% ↺ fades | 57% | 34 | 0.13 | ⚠ differs |
| TRY TRY | SHORT | -3.0% · 5d +0.5% ↺ fades | 57% | 34 | 0.13 | ✓ matches cascade |
| MSTR MSTR | SHORT | -0.5% · 5d -1.9% | 57% | 34 | 0.12 | ✓ matches cascade |
| Gold XAU | LONG | +0.9% · 5d -0.4% ↺ fades | 57% | 34 | 0.12 | · |
Why this probability
China routinely extends phosphate/DAP export curbs to protect domestic supply; extension is the base-case default. A base‑rate‑anchored prior, continuously scored against what actually happens — not a forecast.