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Mosaic will temporarily suspend potash production at its Colonsay mine in Saskatchewan from September 10, idling about 350 unionized workers. The company blamed unprecedented wet spring weather in the American Midwest for weak fertilizer demand.
Mosaic expects stronger fall fertilizer applications as grain prices rise.
Lower Canadian potash output tightens supply just as Mosaic expects fall demand to recover, which supports potash prices and fertilizer costs for feed producers.
producer.comBrian CrossAug 15, 2019Not 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.
