dancingdiva

Prisma Goes Contrarian on Potash Industry

If things are so good, why are fertilizer companies pushing for US farmers to renew their spring contracts now?

Surely they must see the handwriting on the wall.

And surely I need not remind bulls that nothing increases supplies over the long haul like massive profits. That's basic economics. Don't look out three months; look out three years. The market is already in the process of pricing that in. We've seen the highs. The only questions are how much of an upward correction occurs and how much sideways trading occurs before it's obvious to everyone this is over.