Michael Tupholme: Thank you. Ken, I know you said you don’t intend to comment too much on pricing. But when we look at the 2023 guidance you provided, are you able to talk at all about what you have assumed in terms of realized pricing for both potash and nitrogen at the high end versus the low end of the guidance ranges you provided?
Ken Seitz: Yes. Thanks Michael. Yes, I can speak in general terms to say that we are sort of looking at potash pricing where it is today. So, you can point to, for example, sort of 500 to 520 in Brazil. And thinking about that as a bit of a benchmark and sort of flat pricing, let’s say, throughout 2023 from those levels. Obviously, with all the dynamics we just talked about, we could see volatility around some of those numbers, but that would be our assumption today. And as it relates to nitrogen, we do expect firming in price from the levels that we are seeing today, and it’s for all the reasons that we talked about.
Operator: Your next question comes from Vincent Andrews with Morgan Stanley. Please go ahead.
Will Tang: Hi guys. This is Will Tang on for Vincent. Thanks for taking my question. So, you have guided 2023 down across all your major business segments with the exception of phosphate at the midpoint. I am wondering if you could help me bridge between 2022 and 2023, what’s driving the relative strength there, especially as it looks like the underlying commodity fertilizer prices are going to be down on a year-over-year basis?
Ken Seitz: Yes. Well, I think what I would say, Will, is just what we have talked about on this call, and that is that the big impact has been we have seen just the softening in commodity prices from peak 2022 levels. And so if we are comparing across our business, our crop nutrient business, potash, nitrogen, I mean that’s the story is on netbacks. So, if we are talking about margins in retail, it’s really the reset on crop nutrients and crop chemistry. It is offset by higher volumes across €“ on the NPK side, it is offset by higher volumes. But again, we have this netback effect. And then finally, I will just say, again, we do have this timing thing going on where not everything fits within the calendar year.
Operator: Your next question comes from Steve Hansen with Raymond James. Please go ahead.
Steve Hansen: Yes. Good morning. Thank you for the time. A question for perhaps Ken and Mark, I was just hoping you could speak to the opportunity for continued synergy extraction from the integrated business model that really does define Nutrien now. We obviously saw an intense focus on synergies in the early years post-merger. Just curious on whether you could comment on if there is another round of synergies to come or whether that’s more of a secondary focus at this point? Thanks.
Ken Seitz: Steve, thank you for the question. And yes, we certainly do see opportunity. In fact, we created the structure in 2022 to establish a commercial unit within Nutrien that Mark Thompson, our Chief Commercial Officer, is heading up. And yes, and that is we are seeing opportunity there, and that’s evolving. But I will hand it over to Jeff and to Mark to talk about exactly some of those opportunities we are seeing. And as you say, Steve, what the synergies might be.
