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Commodities are green across the board, regaining some of their recent lost ground. Of...

Commodities are green across the board, regaining some of their recent lost ground. Of particular note is copper, which jumps $0.14 in less than 24 hours, pulling Freeport McMoRan (FCX +3.5%) off of levels it hasn't seen since October.
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  • Peregrinus
    , contributor
    Comments (119) | Send Message
     
    The world is still using more copper than it produces. Copper could get to $5 by year end (FCX to $100). The big commodity story is however grain. India is playing hardball with Canadian potash producers to counter high prices but even though India accounts for 10% of world demand, Canada is not having any trouble finding buyers. Look for POT to go to $80.
    18 May 2011, 08:50 PM Reply Like
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