Potash Prices On The Rise

By
A A A

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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

Referenced Stocks:

Emerging Money

Emerging Money

More from Emerging Money:

Related Videos

Stocks

Referenced

Most Active by Volume

32,723,128
  • $15.41 ▼ 0.19%
27,583,018
  • $66.44 ▲ 2.42%
25,277,813
  • $8.175 ▼ 11.53%
23,280,265
  • $26.44 ▲ 0.92%
20,140,832
  • $95.028 ▼ 0.01%
18,517,925
  • $51.61 ▼ 0.39%
16,663,268
  • $16.565 ▼ 2.90%
14,654,084
  • $38.53 ▲ 1.82%
As of 7/11/2014, 01:11 PM