The promise of better weather this growing season (Farmer's Almanac) than terrible 2019, Locusts in Africa destroying crops and possible higher demand in China for agricultural products should improve sales for nutrients. Canada has the 2nd largest reserves of Potash in the world, and is the leader in terms of global production. One advantage for the price of potassium chloride is the fact that more than one producer has curtailed production of late. Low natural gas prices an advantage for Nutrien in Canada when it comes to Nitrogen fertilizer. They also have large retail network worldwide. At a P/E of 16X trailing earnings, a 4% dividend yield and substantial free cash flow, the stock seems good value here.
Great input thanks,,, it got even better value here (at 27,75) although i do not think the market has totally priced in COVID19 so it might become even better value in the near future... the farmers in the UK are already saying there will be a shortage of farm workers for the coming crop season, maybe the worlds population isn't increasing after this virus as run its course..