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Nutrien reported second-quarter 2018 net earnings of $741 million and EBITDA of $1.5 billion, and raised full-year 2018 adjusted EPS and EBITDA guidance. Potash segment EBITDA rose 34% in the first half on higher realized prices and strong offshore volumes, while nitrogen EBITDA rose 17% on higher urea prices.
Higher realized potash and urea prices reported by the largest producer point to firm fertilizer pricing, which raises input costs for feed grain and oilseed growers.
newswire.caNutrien Ltd.Aug 1, 2018Not enough comparable past events yet for a historical read.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
