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The US International Trade Commission determined that subsidized phosphate fertilizer imports from Morocco and Russia materially injure the US industry. The Commerce Department will issue countervailing duty orders that are expected to stay in place for at least five years.
Duties on major phosphate imports will tighten US supply and raise domestic DAP and phosphate prices, which increases input costs for US crop and feed producers.
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.
