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Nutrien released its potash refill program for US Midwest terminals at a reference price of $370 per short ton FOB for Q3, rising $30 for Q4 delivery. Nutrien cut potash mine output due to Canadian port labour disputes, and a tentative deal has been reached with ILWU Canada.
The Q3 and Q4 potash reference prices set the fall fertilizer cost baseline for US corn growers. Port strike resolution eases export capacity constraints, but the reduced output still supports potash prices.
vinachem.com.vnJul 24, 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.
