
Three GOP House members urged the US International Trade Commission to reverse preliminary duties on urea ammonium nitrate imports from Russia and Trinidad and Tobago. The ITC's final decision is expected later this summer.
Duties on UAN imports would tighten US nitrogen fertilizer supply and raise input costs for farmers, which can feed into corn production costs and crop economics.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.