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A US trade panel cancelled recently imposed anti-dumping and anti-subsidy duties of up to 132.6% on Russian urea nitrate solutions and 113.5% on Trinidad and Tobago imports. The decision removes those duties on those imports.
Lower duties make it easier for Russian and Trinidadian nitrogen to reach US buyers, adding supply and easing US nitrogen prices.
texasfarmbureau.orgEmmy PowellJul 20, 2022
reuters.comDavid LawderJul 18, 2022After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
