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US potassium chloride prices rose 5.8% to about USD 760/tonne delivered Illinois, a gain of USD 42/tonne, according to ChemAnalyst pricing data. Tight US inventories and strong downstream fertilizer demand ahead of fall wheat planting drove the increase.
Higher potash costs raise input expenses for US farmers and may weigh on 2023 application decisions. The tight inventories support near-term potash prices.
chemanalyst.comXiang HongNov 7, 2022Not 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.
