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The Trump Administration confirmed that major fertilizers will be exempt from tariffs, which StoneX's Josh Linville said pushed NOLA urea down 6-8%. Some suppliers had faced tariffs of 30% or more.
UAN and NH3 were little changed, and phosphate is expected to benefit from reopened Saudi flows.
Lower tariff costs make urea and phosphate cheaper to import into the US, easing spring input costs for livestock and crop producers. Nitrogen remains tight, so the relief is limited to urea and phosphate.
rfdtv.comTony St. James, RFD-TV NEWS STAFF2025年11月19日在过去 81 次看跌的贸易事件之后，尿素 在 5 个交易日内中位数变动 -1.0%（28% 上涨；中间一半区间为 -7.2% 至 +0.4%），20 个交易日内为 -5.5%。
在过去 40 次看跌的贸易事件之后，DAP 在 5 个交易日内中位数变动 -0.1%（38% 上涨；中间一半区间为 -3.7% 至 +0.5%），20 个交易日内为 -2.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
