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StoneX analyst Josh Linville says North American potash inventories were depleted after the fall application season and have been slow to refill. Producers hold pricing power, and prices are expected to stay supported through spring.
Spring application demand will determine whether inventories build into summer.
Tight North American potash stocks and producer control point to firm prices into spring and early summer. Higher fertilizer costs can weigh on future crop acreage and input budgets.
stonex.comJosh LinvilleMar 3, 2021Not 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.
