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Granular MOP potash in New Orleans rose by up to 45 basis points week-over-week to $203 per metric ton in the week ending November 24. Cornbelt, Brazil and Southeast Asia prices were flat, and potash has been broadly stable this year.
Year-over-year, prices were higher in every location cited.
Stable potash prices reflect tight supply and demand, and steady fertilizer costs support feed-grain production economics. No clear new driver is evident, so the price outlook is largely unchanged.
marketrealist.comAdam JonesNov 29, 2017Not 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.
