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International Mining reports potash prices fell about 16% in 2016, with US Corn Belt prices at $224/t and Brazil at $237/t. Oversupply after the Uralkali and Belarusian Potash split continues to weigh on the market.
PotashCorp plans a three-month production halt at its Cory facility from February 2017.
Persistent global potash oversupply keeps crop nutrient costs low, though the Cory shutdown could tighten supply temporarily.
im-mining.comDaniel GleesonJan 3, 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.
