Previously in this series, we discussed how the potash supply-demand environment is expected to remain balanced. In 2018, potash prices have gradually risen, which indicates a reversal in the industry’s trend. Last year, the prices remained depressed, which was negative for companies like Intrepid Potash (IPI). The company had to amend its terms with creditors. Nutrien (NTR) and Mosaic (MOS) saw their potash segments’ (MOO) earnings decline.