
Morocco-U.S. goods trade rose 26.2% in the first nine months of 2026 year over year, reaching more than $7.14 billion. Moroccan shipments of key phosphate fertilizers to the United States rose 41.1% in volume to 232,801 tonnes, while their value increased 38.3% to $160.59 million.
Growing Moroccan phosphate fertilizer shipments add to U.S. import supply, which could ease domestic availability constraints and weigh on fertilizer prices.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% 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.