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Mosaic won a countervailing duty case against phosphate imports from Morocco and Russia after an investigation that began in July. StoneX analyst Josh Linville says Mosaic now controls about 88% of the US market, and the duties could add strain to already high phosphate prices.
With imports restricted and US supply concentrated, phosphate fertilizer prices are likely to stay elevated, raising costs for US crop producers.
agweb.comMar 11, 2021
producer.comsaskatoonnewsroomMar 11, 2021Not 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.
