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Mosaic executive Corrine Ricard said phosphate and potash demand will rise even if crop prices stay low, citing depleted soil nutrients and low channel inventories. Mosaic forecasts global phosphate demand up 11% and potash demand up 17% over five years.
Expected strong nutrient demand and low channel inventories suggest fertilizer shipments and prices could firm despite weak grain prices.
Not enough comparable past events yet for a historical read.
Not 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.