# Nutrien beats profit estimates, lowers full-year forecast | Reuters

> 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.

- Date: 2022-08-03 · published 2022-08-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40372-nutrien-beats-profit-estimates-lowers-full-year-forecast-reuters
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- POTASH: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/nutrien-posts-record-second-quarter-profit-2022-08-03/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.