
Agriculture Secretary Brooke Rollins said the administration plans to use tens of billions of dollars from tariff revenue and trade deal renegotiations to strengthen domestic fertilizer supply. She said a full plan would be announced the following week, with new capacity 12 to 18 months away.
Reshoring fertilizer production is a long-term effort, so near-term nitrogen and phosphate supply stays tight, keeping input costs elevated for livestock and crop producers.
After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.