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Reuters reported that PotashCorp's third-quarter profit came in below expectations and it narrowed its full-year forecast, pressuring its stock. Potash prices have leveled off after hitting eight-year lows late last year.
The merger with Agrium, to form Nutrien, remains under review in the US and China, and India has approved it with conditions.
Potash prices have stabilized rather than recovered, and fertilizer consolidation is aimed at idling excess capacity. Buyers should expect limited near-term price relief from the sector's restructuring.
agcanada.comAGCanadaOct 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.
