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The US-China Economic and Security Review Commission's March 2017 bulletin reports US and Chinese trade both rebounded in January. It also notes China's antidumping action on US ammonium sulfate fertilizer imports and reduced Chinese fertilizer exports.
Trade friction and Chinese trade measures on fertilizer shift input supply and cost dynamics, with limited direct near-term effect on feed grain prices.
uscc.govMar 7, 2017After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% over 20.
After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% 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.
