# Nutrien boosts profit outlook on fertilizer demand, tight supply

> 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.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44360-nutrien-boosts-profit-outlook-on-fertilizer-demand-tight-supply
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- POTASH: bullish ▲
- CANMEAL: neutral

## Sources

- reuters.com: https://www.reuters.com/article/nutrien-results/nutrien-boosts-profit-outlook-on-fertilizer-demand-tight-supply-idUSKBN2HM37L/

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