NTR
Weekly
Rough 2019 for Potash and hence Nutrien
Downtrend in RSI & Price for most of 2019 and touching support
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Nutrien's 2020 guidance is positive, but I am skeptical because....
Unpredictable weather is starting to become common and in 2019 it was
For example, corn farmers in the US farm belt received so much rain, it greatly affected their yield
USA - China trade war (might be resolved soon, maybe)
China building up inventory supply at tide water to get more leverage in contract negotiation
Potash Production Tax Credit cut in 2019 by the Saskatchewan government
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However, in the medium to long term people need to eat and with millions of people being lifted out of poverty and into better circumstances, demand for potash will be there
Will be adding on further weakness