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Nutrien reported third-quarter results with net earnings of $0.5 billion and adjusted EBITDA of $1.4 billion, citing record upstream fertilizer sales volumes and higher fertilizer net selling prices. The company also announced a review of strategic alternatives for its phosphate business.
Management said it expects healthy crop input demand and growth in global potash shipments.
Strategic moves in phosphate and expectations for stronger potash shipments signal supply-side tightening that could support fertilizer prices. Buyers of phosphate and potash inputs should watch for changes in ownership or capacity.
markets.financialcontent.comNutrien Ltd.May 14, 2019Not enough comparable past events yet for a historical read.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% over 20.
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.
