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National Bank upgrades Potash (POT +2%) to Sector Perform. The firm is encouraged by a 14%...

National Bank upgrades Potash (POT +2%) to Sector Perform. The firm is encouraged by a 14% increase in its grain price index over the last 3 months, as well as belief China will import more corn this year than was previously forecast. It expects U.S. corn plantings to hit record post-WW2 levels this year, and that this will lead to a pickup in fertilizer purchases. BMO seems to agree.
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