Pricing cuts by Potash (POT) for U.S. customers came as a surprise to industry watchers given the 36 weeks of announced shutdowns across various potash mines from Sept. 2012 through Feb. 2013. National Bank Financial cut its FY 2013 and 2014 EPS forecasts on the news, noting the shut-ins account for ~1.6M metric tons of output, or ~13% of POT’s 2012 potash operating capability.
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