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.
Uralkali potash mining in Russia
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.