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K+S held a ceremony on May 2 for its Legacy potash mine in Saskatchewan, renamed Bethune, ahead of first marketable production expected in June. The mine is the first potash operation commissioned in the province in over 40 years, with capacity of about 2 million tonnes a year.
Adding North American supply while potash prices sit at decade-low nominal levels is bearish for potash, as the new tonnage adds to an already oversupplied market.
crugroup.comAuthor Humphrey Knight PotashMay 18, 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.
