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Nutrien's president said global nitrogen demand was flat in 2020 as industrial demand slumped, delaying the nitrogen price recovery by about a year. He expects potash prices, which bottomed in early 2020, to rise as supply tightens in 2021.
North American urea remains discounted to the rest of the world.
A delayed nitrogen recovery keeps urea and related fertilizer costs soft for feed-grain growers near term, while expected potash tightening points to firmer potash prices in 2021.
producer.comSean PrattNov 19, 2020Not 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.
