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Mosaic forecast that strong crop prices will support fertiliser spending. Potash prices continued to rise in all key markets, driven by record demand and strong grower margins.
Rising potash prices increase input costs for livestock feed crops, while strong crop prices signal sustained demand for fertiliser.
bloomberg.comJen Skerritt, Elizabeth ElkinNov 1, 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.
