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Mosaic, the largest US phosphate fertilizer producer, launched the Ag Independence for America campaign to explain its countervailing duty petition against Russian and Moroccan producers. Mosaic says the Department of Commerce's preliminary ruling supports its claims of government subsidies.
The campaign is a public relations effort that signals continued trade defense for US phosphate producers, which supports the case for higher domestic phosphate prices.
brownfieldagnews.comDec 23, 2020After 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.
