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The White House said President Trump authorized a temporary suspension of certain duties on phosphate fertilizer imported from Morocco. The move comes as US farmers face fertilizer shortages linked to the Iran war.
Lower duties on Moroccan phosphate should ease US supply tightness and trim DAP and MAP import costs. The effect on feed grain prices is indirect but supports farm input affordability.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% over 20.
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.