Previous close | 0.2000 |
Open | 0.2000 |
Bid | 0.1000 |
Ask | 0.4000 |
Strike | 115.00 |
Expiry date | 2025-01-17 |
Day's range | 0.2000 - 0.4000 |
Contract range | N/A |
Volume | |
Open interest | 85 |
The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash Corp, citing a third-party assessment used in a company presentation. The economics of the project -- which faced a protracted licensing process involving multiple government agencies and Indigenous consultations -- has drawn analysts' attention after the price of potash fell sharply from highs above $1,000 per metric ton amid the threat of sanctions against Russia and Belarus in 2022, compared to the current level just above $300. That, and new mining projects emerging in Canada and Laos, would likely keep a lid on prices, they said.
Badger Meter and Nutrien have been highlighted as Zacks Bull and Bear of the Day.
Analysts' negative earnings estimate revisions paint a challenging picture for the company's shares in the near term.