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Record potash stocks at Chinese ports, at 4.52 million tonnes, have pushed potash chloride CFR Brazil into a range of about US$355 to US$380 per tonne. Arrivals in Brazil fell 27% year on year in October to about 634,000 tonnes, and buyers are delaying purchases, expecting lower prices.
A well-supplied global potash market and weak Brazilian buying point to lower potash prices in the near term, which eases input costs for Brazilian crop and feed producers.
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.