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Vinachem summarizes an Investing News Network outlook noting potash prices of $224/t in the US Corn Belt, flat at $237/t in Brazil and $243/t for standard MOP. Prices are down about 16% from last year.
PotashCorp plans a three-month shutdown of its Cory facility starting February 2017, cutting 140 jobs.
Ongoing oversupply keeps potash prices under pressure, though the Cory shutdown is a modest supply response. Buyers should expect soft fertilizer costs to persist through 2017.
vinachem.com.vnMar 30, 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.
