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Phosphate and potash prices rose through 2017 on record global shipments, slower-than-expected greenfield capacity and idled North American plants. Blend-grade potash ended 2017 at $235/t fob NOLA, and Brazilian delivered prices reached about $265/t.
The outlook expects supply and demand to stay constructive at least through mid-2018.
A tight potash and phosphate balance keeps fertilizer costs elevated for crop producers, which can support grain and oilseed prices over the medium term.
croplife.comMike RahmFeb 19, 2018Not 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.
