The Mosaic Company filed a petition on June 26, 2020, seeking countervailing duties on phosphate fertilizers imported from Morocco and Russia. The covered products include MAP, DAP, NSP, TSP and related blends in solid or liquid form.
If duties are imposed, imports of Moroccan and Russian phosphates would become more expensive for US buyers, supporting domestic DAP and TSP prices.
After 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.