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Belarusian UN envoy Valentin Rybakov said a potash shipment is already at the port of New Orleans, cleared through customs, and another shipment will likely follow. The US lifted sanctions on Belarusian potash last December.
Renewed Belarusian potash flows into the US add supply to a market that had been constrained by sanctions, which is mildly bearish for potash and fertilizer costs that feed into feed-grain production.
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.