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The Biden administration outlined three policy shifts to help US farmers amid global challenges tied to the Ukraine war. Measures include doubling funding for domestic fertilizer production to $500 million, expanding farm management tools for plant and soil needs, and increasing the number of farmers using them.
More US fertilizer capacity over time could ease input costs for grain and livestock producers, but the funding has little near-term effect on supply and prices.
apnews.comZeke Miller, Josh BoakMay 11, 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.
After 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.
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.
