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PotashCorp reported fourth-quarter 2016 earnings well below 2015, with weak prices across potash, nitrogen and phosphate. CEO Jochen Tilk said the phosphate market remains challenged by a slump in liquid fertilizer and competition in dry feed phosphate, while potash is recovering.
Weak phosphate prices and competition in dry feed phosphate point to continued soft DAP and feed-phosphate pricing, while potash recovery supports a firmer outlook for that nutrient.
thewashingtondailynews.comCaroline HudsonJan 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% over 20.
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.
