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Mosaic says potash and phosphate markets remain fundamentally tight into next year, though prices have fallen to about $600 per tonne in Brazil. The company expects fall application to normalize and deplete channel inventories.
Normalizing application and inventory drawdown can firm nutrient demand, limiting further price declines. Brazil's import pace is a key factor for soy and corn input costs.
grainpricenews.comMike VerdinNov 8, 2022Not enough comparable past events yet for a historical read.
Not 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.
