Potash producer’s share prices rallied this week on the expectation that corn and soybean futures will extend their gains into the New Year.
Bloomberg reports that Potash Corp. of Saskatchewan Inc., rose the most in more than four months in New York amid speculation corn and soybean futures will extend price gains into next year.
Bloomberg.com reports that OAO Uralkali is dealing with higher borrowing costs.
Reuters.com reports that K+S is sure of its’ bid to take over Potash One (TSE:KCL).
An increased demand for potash as crop prices rise has potash poised to be a top commodity pick in 2011, according to the recent report by Scotiabank.
The Financial Post.com reports that, in 2011, Potash prices are expected to rise
Mesa Exploration Corp. (CVE:MSA) is a mineral exploration and development company with a diverse portfolio of projects, including lithium and potash, in the western United States. All projects are solely owned by Mesa, except the Holbrook Potash Project, which was announced as a joint venture with Passport Potash in September 2010. The Company’s premier project is the Green Energy Lithium Project in Utah, for which Mesa is creating a work program. Mesa has already undertaken significant drilling for two other projects.
CNW.com reports that according to Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, 2010 will finish with strength, up 3.0% in November.
Bloomberg.com reports that Canadian stocks were up today, driven in part by natural-resource stocks on news of acquisitions.
Pinetree Capital Ltd. (TSE:PNP), announces that on December 15, 2010, it acquired ownership of 5,000,000 common shares and 5,000,000 common share purchase warrants.
Thursday, December 30, 2010