Loading…
Corn growers asked U.S. companies to withdraw anti-dumping and countervailing duty petitions on imported fertilizer, citing record fertilizer prices. Preliminary duties of up to 137% on UAN from Russia and Trinidad and up to 47% on phosphate from Russia and Morocco were noted.
Duties on fertilizer imports tighten nitrogen and phosphate supply, raising input costs for corn and feed producers and supporting grain price levels.
agriculture.comMar 2, 2022After 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 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
