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Agricultural groups including the American Soybean Association, National Corn Growers Association and National Cotton Council oppose proposed duties on phosphate imports from Morocco and Russia. The US International Trade Commission ruled in March 2021 in favor of Mosaic's petition, opening the way for duties.
Some foreign suppliers had already halted US shipments to avoid paying duties.
Duties and shipment halts reduce US phosphate availability and competition, which keeps DAP and TSP prices elevated and raises crop input costs.
agamerica.comDonya-Faye WixJul 24, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
