Potash Prices On The Rise

Shutterstock photo

As I tweeted yesterday (@timseymour) Potash prices are moving higher as Canpotex and Russia's Uralkali ( URALL , quote ) say they won't support potash prices below $300/t in Asia.

[caption id="attachment_68510" align="alignright" width="300"] Image courtesy Uralkali Uralkali potash mining in Russia[/caption]

Meanwhile, in Brazil a shortage of granular potash for January and February delivery is forcing up prices for March.

Expect between $350-360/tonne which is the first rise of substance in months. Stay long POT ( POT , quote ) to 200mda. Then lets talk. sg2014011532786

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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