Loading…
K+S reported a strong first quarter as high fertilizer prices lifted its earnings outlook. The article says commodity prices rose from decade lows to near decade highs, with record speculative long positions in agricultural markets and US corn holdings by traders not seen since 1994.
Heavy speculative length in grains and high fertilizer prices suggest elevated price risk if fundamentals soften, while fertilizer margins may face pressure from future supply additions.
markettradingessentials.comMay 11, 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.
Record speculative long positions and prices out of sync with fundamentals left the market vulnerable to liquidation.
