A recent USDA report showing sharp Y/Y declines in grain stocks ought to be a positive for...

|By:, SA News Editor

A recent USDA report showing sharp Y/Y declines in grain stocks ought to be a positive for Potash (POT) and Agrium (AGU), but National Bank of Canada analyst Robert Winslow thinks the strength won't last and crop prices later this year - and agriculture equities - have much downside risk. An estimated 97.4M acres of corn were planted in the U.S. this year, the most since the 1930s.