Potash Inventories Dip in August, But Remain Well Above 5-Year Avg. (POT) (CF) (IPI)
Tweet
Share
E-mailGet Alerts POT Hot Sheet
Join SI Premium – FREE
Traders will be keeping an eye on potash companies today following latest updates on stockpiles for August.
The Fertilizer Institute, using data from Potash Corp. (NYSE: POT), said ending inventories for August fell 221,000 tons from July to below 2.5 million mt. The number was still 33 percent above the five-year average.
In addition, DAP/MAP phosphate inventories dipped 98,000 tons, to below 800,000. That number is about 14 percent below the trailing five-year average.
Bloomberg noted that several names will be presenting at the Scotiabank Agriculture, Fertilizers and Chemicals Conference in Toronto today, including: Agrium (NYSE: AGU), CF Industries (NYSE: CF), Intrepid Potash (NYSE: IPI), Potash, and Uralkali.
The Fertilizer Institute, using data from Potash Corp. (NYSE: POT), said ending inventories for August fell 221,000 tons from July to below 2.5 million mt. The number was still 33 percent above the five-year average.
In addition, DAP/MAP phosphate inventories dipped 98,000 tons, to below 800,000. That number is about 14 percent below the trailing five-year average.
Bloomberg noted that several names will be presenting at the Scotiabank Agriculture, Fertilizers and Chemicals Conference in Toronto today, including: Agrium (NYSE: AGU), CF Industries (NYSE: CF), Intrepid Potash (NYSE: IPI), Potash, and Uralkali.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citigroup set to join top banks in Anthropic IPO - Bloomberg
- Prime Video to invest $2 billion in Latin America by 2030
- Two Binance Employees Detained In The U.A.E. Amid Police Inquiries - NYT
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
