Potash prices increase in US inland markets

摘要

US potash prices made gains in some inland markets this week, especially at New Orleans. Support for higher US prices has come from end-user markets, where retailers are not waiting for potential lower prices to meet fall demand. Views are more bearish for the new calendar year, but expectations for corn planting are slightly higher, likely balancing much of any lost demand from soybean acres. The biggest weight on potash prices in the US will be the end-Q4 startup of the K+S mine in Saskatchewan.