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The US International Trade Commission published a Federal Register notice scheduling the final phase of countervailing duty investigations on phosphate fertilizers from Morocco and Russia. The notice cites Commerce's preliminary finding that these imports are subsidized.
A final affirmative injury finding would impose duties on Moroccan and Russian phosphate, tightening US supply and supporting DAP prices.
thefederalregister.orgInternational Trade CommissionDec 2, 2020After 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.
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.
