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North American fertilizer producers are seeing late-season price gains, but investors are questioning how long they will last given a global surplus. Canpotex reported it is sold out through December on strong demand, and PotashCorp forecast record global potash shipments of 62 to 65 million tonnes.
Canpotex being sold out and record shipment forecasts signal firm potash demand that supports prices. The lingering global surplus is the main risk to further gains.
republicofmining.comOct 26, 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.
