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Rising crop prices and an economy recovering from COVID-19 are boosting fertilizer demand and tightening supply chains. Nutrien says its potash is committed through September 30 and it plans 700,000 more tons of production this year, which it still expects to be tight.
Tight potash supply and strong global demand keep fertilizer input costs high, which squeezes farm margins and can reduce planted acreage. Higher input costs support crop prices over the medium term.
agri-pulse.comSteve DaviesMay 19, 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.
