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A review of the 2019 potash sector notes MOP prices rose from $215 to $265.50 per tonne over the year, despite weather-related output issues and a Canadian rail strike. Canada's loss of a potash production tax credit is also highlighted.
Expectations of higher fertilizer demand in 2020 point to firmer potash prices, which raises input costs for feed grain and oilseed production over time.
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.