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Nutrien raised its profit outlook as potash prices rose to their highest levels in more than a decade. Strong grower demand, tight inventories and supply concerns tied to EU and US sanctions on Belarus and Mosaic's production issues drove prices higher.
Canpotex said it had sold out of potash through 2021.
Tight potash supply and high prices raise fertilizer costs for grain and oilseed growers, which can curb application and eventually affect crop yields. For feed buyers, firmer fertilizer costs support the outlook for corn, soy and canola prices.
reuters.comNov 1, 2021Not enough comparable past events yet for a historical read.
Not 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.
