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The US Commerce Department made a preliminary ruling that UAN fertilizer imports from Russia and Trinidad and Tobago are unfairly subsidized, which could bring additional tariffs. The National Corn Growers Association opposed the move, warning that tariffs would create shortages and raise costs.
Proposed countervailing duties could restrict US nitrogen import supply and lift domestic fertilizer prices, adding cost pressure for corn growers. Trade flows are shifting to other origins as a result.
farmweeknow.comDANIEL GRANT FarmWeekJan 25, 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 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
