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The US Department of Commerce published its final affirmative countervailing duty determination on phosphate fertilizers from Morocco, finding that producers and exporters receive countervailable subsidies. The notice follows the November 2020 preliminary determination and later post-preliminary steps.
Countervailing duties on Moroccan phosphate imports would reduce supply into the US market and support domestic DAP and TSP prices, raising costs for US feed and grain buyers who rely on phosphate inputs.
federalregister.govFeb 16, 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.
