Looking for Clues to Fate of Fertilizer Rally Amid Surplus
- Price gains likely had little impact on third-quarter results
- CF, Agrium probably had losses; Potash Corp. profit may rise
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As fertilizer producers in North America enjoy late-season improvement in prices, investors are looking for clues from the companies this week about how much longer the gains will last.
While crop nutrients including nitrogen and potash have rebounded from recent lows, questions remain about the lingering impact of a global surplus and prospects for a slowdown in demand. Producers will begin reporting third-quarter results in the next week, starting Thursday with Potash Corp. of Saskatchewan Inc.