Investors need to pay close attention to Nutrien (NTR) stock based on the movements in the options market lately.
Germany's K+S became the latest potash producer to miss earnings forecasts on Thursday as prices of the mineral ease from their peak earlier this year, though it was still on track to deliver its highest ever annual results. "We see potash prices normalizing, but still at a very high level," CEO Burkhard Lohr said. The salt and potash miner reported a more than five-fold increase in its third-quarter core earnings (EBITDA) to 633 million euros ($636 million), below analysts' forecast of 708.5 million in a poll by Vara Research.
Nutrien (NTR) benefits from higher selling prices and strong Retail performance in the third quarter.