Fertilizer Markets and Finance
Jonathan Mohan
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This is scary…basically telling everyone that their retirement accounts are at risk to twitter posts.
The AP’s erroneous...
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Really great interactive map. Hover your mouse over nearly any country to view stats on ag production and needs. There’s...
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BP admits to 11 counts of manslaughter for 2010 oil spill disaster
November 15, 2012
Oil giant BP will fork over the...
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Before we get fully into election mode. Take a look at some of these stunning shots from the
- Mammals runner-up: Ole Jørgen Liodden, Norway....
Farmers are cautious over the ability of grain and oilseed prices to stay near record highs, and the impact of US drought on profits, prompting a continued reluctance to commit in advance to fertilizer purchases, PhosAgro said.
The phosphates and nitrogen group said that demand for nutrients had proved “strong” in the first half of the year, boosted towards the end of the period by the return of India, the top importer, to buy-ins.
However, this disguised a trend among primarily US and European growers to delaying purchased “until the actual application season started”.
Sensitive period
In part this is due to concerns over the ability of prices to maintain their rally, which has driven Chicago corn and soybean futures to record highs.
Farmers were badly caught out in 2008 by a collapse in crop values as the global recession hit, hurt in part by inventories of fertilizers they had built-up at high prices, which tumbled too.
The concerns chime with worries among Chicago investors too that futures may repeat their declines of last year, when corn prices tumbled 28% from a late-August peak as funds sold-off.
Read more at Agrimoney
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