LoneRngr

POT: The Commodity Surprise of the Year

All good observations, but note that potash prices in the US cornbelt are down ~13% from their peak this summer. The Japan deal was a surprise but all eyes are on the Chinese negotiations, due to conclude by end of Q1 09 or sooner... Still at about 3.5x next years' earnings i tend to think much of this has been priced in.