Why it’s on the map
The ONLY US potash producer. 80–90% of US potash imports come from Saskatchewan. Q2 adj EPS $0.56 vs $0.38 est.
Government money & contracts
None.
Customers & commercial
US farmers.
Catalysts
Any Saskatchewan export-levy headline.
Risk
Potash is EXEMPT in the current round; Sask/Alberta premiers oppose export taxes; consensus 'Sell'.
Tariff durability
Pure headline optionality.