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Iowa farmers met Agriculture Secretary Tom Vilsack, Trade Representative Katherine Tai and Rep. Cindy Axne near Woodward, Iowa, and asked for tariff relief on imported fertilizers.
Farmers said input costs are up sharply, and three farm groups had earlier asked for removal of tariffs on Moroccan potash.
Possible tariff removal on potash or nitrogen imports would lower fertilizer costs for corn and soybean growers, which could shift planted acreage and future corn supply, but no decision has been made.
desmoinesregister.comAug 18, 2022Not enough comparable past events yet for a historical read.
After 81 past bearish trade events, Urea moved a median -1.0% over 5 sessions (28% higher; middle half -7.2% to +0.4%), and -5.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
