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Global shipments of potash are likely to rebound in 2013 to ~57M-58M metric tons, Potash (POT)...

Global shipments of potash are likely to rebound in 2013 to ~57M-58M metric tons, Potash (POT) CEO Bill Doyle says, as increased demand from China and India boosts purchases. The new forecast is a sharp increase over this year's estimated potash shipments of 50M-52M metric tons.
Comments (5)
  • Loon-a-tick
    , contributor
    Comments (1558) | Send Message
     
    China and India are posponing their purchase of potash for next year. They do this to drive down the price of POT. POT has closed 4 mines and sent workers home for Christmas and New Years.

     

    Who will win the P*ssing contest? All I know is POT is down 31 % from where I bought it.
    15 Nov 2012, 07:37 PM Reply Like
  • Gregory Orr
    , contributor
    Comments (119) | Send Message
     
    Corn still solid over $7 a bushel, so North American demand should be strong for spring. China/India will be gravy. POT at $38 is a great buy n hold, till the next contract gets announced. Smart farmers won't want to gamble their yield per acre at $7 a bushel...
    15 Nov 2012, 08:37 PM Reply Like
  • Loon-a-tick
    , contributor
    Comments (1558) | Send Message
     
    Yeah Greg....I'm not dissing POT ...it is just that we have two giants trying to screw with the price. China and India are driving the price lower by postponing purchases....and POT is trying to raise the price by closing mines and sending employees home.
    I like POT of course ...the world need fertilizer and the market has two huge suppliers. But the politics of food production is real crazy...never mine issues of a moral ethical nature.
    Wait until water in Canada is commodified.
    16 Nov 2012, 08:18 AM Reply Like
  • Gregory Orr
    , contributor
    Comments (119) | Send Message
     
    bought more this am, gonna forget about it. If there is an announcement about Chindia, the stock will jump. North Am demand should put a floor under POT
    16 Nov 2012, 04:51 PM Reply Like
  • baseballman24
    , contributor
    Comments (300) | Send Message
     
    Buying MOS & POT now as nobody likes them new lows every day, buy low sell high, these are outstanding companies, can't believe how cheap they are.
    16 Nov 2012, 05:46 PM Reply Like
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