Potash Producers Rally on High Grain Prices
Potash producer’s share prices rallied this week on the expectation that corn and soybean futures will extend their gains into the New Year.
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.
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.
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