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Potash Corp. of Saskatchewan, Inc. Message Board

ardms 2 posts  |  Last Activity: Sep 3, 2014 10:50 PM Member since: Sep 2, 1998
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  • dropping to $1 a pound before a big bounce due to weather in Brazil. We apparently are going to finally get a huge crop of corn this year. The thing is, they talk about the price being below the cost of production now, which some claim to be $4.50 but let's just say $4. Does this mean far less production next year if prices remain in a funk (even if weather doesn't cut yields)?

  • Reply to

    Huge Crop

    by eternal_optimist Sep 3, 2014 11:26 AM
    ardms ardms Sep 3, 2014 10:50 PM Flag

    Calling bottoms in commodities is called guessing. Swimming in corn this fall means we could see lower prices, but the market already is expecting us to be swimming in corn and the price has already dropped significantly. I nibble and average down from this depressed price. We should see a bounce in 2015.

POT
35.40+0.02(+0.06%)Sep 19 4:04 PMEDT

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