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The US Commerce Department issued final results of a countervailing duty review on phosphate fertilizers from Morocco, finding OCP received countervailable subsidies for November 2020 through December 2021. The notice sets the final review outcome for the period.
Duty rates on Moroccan phosphate affect US import costs for DAP and related fertilizers, which feed into farm input prices for feed grain producers.
govinfo.govNov 7, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
