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Nutrien beat profit estimates but lowered its full-year forecast. The company said sanctions have tightened supplies of potash and nitrogen and pushed prices close to 2008 record highs during the quarter.
Reported fertilizer prices near record levels keep input costs high for crop producers, which feeds through to feed grain costs. The forecast cut suggests the price peak may be easing.
reuters.comRuhi SoniAug 3, 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.
