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Mosaic won a countervailing duty case against phosphate imports from Morocco and Russia, with duties imposed on those competing products. StoneX analyst Josh Linville said the ruling will keep North American phosphate prices at a premium to the world market.
Duties on Moroccan and Russian phosphate restrict cheaper import supply into North America, supporting domestic DAP and MAP prices and keeping them above world levels.
producer.comsaskatoonnewsroomMar 11, 2021After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), 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.
