Nutrien Ltd, the world's largest producer of potash fertilizer, confirmed on Tuesday that it is indefinitely halting three blenders in Brazil, where it is trying to navigate difficult market conditions.
While less chaotic than 2022, war and weather continued to disrupt supply last year
World wheat carryout estimate downgraded, but well above previous year
Beneficial rains have eased concerns about crop damage in Brazil from drought
Wheat ended nearly unchanged after touching seven-week low on Tuesday
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield