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Belarus publicly rejected US claims that it would sell discounted potash to the United States. Minsk said its output is fully tied up in existing contracts, leaving no surplus for Western markets.
The lack of available Belarusian supply means US farmers still depend on Canadian potash, supporting current potash prices. Any US hope of a near-term price drop from a new source is undercut.
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.