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The Fertilizer Institute and Fertilizer Canada welcomed a bipartisan agreement on the USMCA trade deal and urged swift ratification by the U.S. and Canadian legislatures. They said the deal would expand market access and protect access to cost-effective fertilizer across North America.
Trade uncertainty, including the U.S.-China dispute and U.S. sanctions on Iran, was discussed at a November conference.
Ratification would reduce trade friction on fertilizer flows between the U.S., Canada and Mexico, which helps keep North American input costs stable. The effect on prices is limited unless the deal changes actual trade volumes.
dtnpf.comRuss QuinnDec 12, 2019After 283 past trade events, Urea moved a median -0.4% over 5 sessions (45% higher; middle half -2.2% to +1.9%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
After 273 past trade events, DAP moved a median +0.3% over 5 sessions (53% higher; middle half -0.4% to +1.5%), and +1.3% 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.
