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StoneX's July outlook says global potash prices appear steady to lower as the Canpotex sale to China was done at a lower value than expected. North American inventories were run down to low levels after spring and need refilling.
A steady-to-lower potash outlook lowers input costs for crop producers, which can ease feed grain production costs. The refill need in North America could provide modest support later in the year.
stonex.comJosh LinvilleJul 1, 2023Not enough comparable past events yet for a historical read.
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.
