Loading…
The US International Trade Commission's March 11 ruling imposed countervailing duties on phosphate fertiliser imports from Morocco and Russia, sought by Mosaic. A former Farm Bureau economist estimates the duties will raise US farmer fertiliser costs by about $1.5 billion.
Duties of at least five years on major phosphate exporters tighten US supply and lift domestic phosphate prices, raising feed-grain production costs for US producers.
hpj.comDavid MurrayApr 11, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
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.
