- CF Industries (CF +3.4%) says it filed a petition with the U.S. Department of Commerce and U.S. International Trade Commission requesting anti-dumping and countervailing duty investigations on imports of urea ammonium nitrate solutions from Russia and Trinidad and Tobago in the U.S.
- CF, the largest U.S. producer of UAN, says unfairly subsidized UAN imports have harmed the domestic industry, causing "a collapse in the domestic industry's U.S. prices and profitability in 2020."
- “For too long, UAN producers in the United States, who are among the most efficient in the world, have competed on an uneven playing field due to dumped and unfairly subsidized imports from Russia and Trinidad," CF President and CEO Tony Will says.
- According to Argus, Nola UAN values in February 2020 fell to the lowest level in its price history to 2008, then trended between $115-$120/st fob Nola between July and mid-November.
- CF shares jumped 4% yesterday after the USDA reported that farmers planted fewer corn and soybeans than estimated, sending CBOT futures prices for corn and soybeans surging.
CF Industries seeks U.S. investigation of Russian UAN imports
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Symbol | Last Price | % Chg |
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CF | - | - |
CF Industries Holdings, Inc. |