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The Mosaic Company has asked US agencies to impose tariffs on phosphate imports from Morocco and Russia. An advocacy group argues the duties would raise farmer fertilizer costs by an estimated $480 to $640 million and urges the investigation to be halted.
If tariffs are imposed, phosphate import costs rise and domestic DAP and phosphate prices would likely climb, adding to US crop input costs.
michiganagtoday.comDigital TeamSep 22, 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.
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.
