By Leia Michele Toovey- Exclusive to Potash Investing News Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to [...]
By Leia Michele Toovey- Exclusive to Potash Investing News Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to US$ 1,000 per tonne, from $150. Currently, [...]
By Kishori Krishnan Exclusive To Potash Investing News When it comes to resource revenues, forget ‘black gold.’ That’s so 2008. This fiscal year, the hot new colour is pink – as in potash. And who better to don it than several North American suppliers. The stock price in major potash groups have risen in recent [...]
Put buying has been picking up lately in Potash options, although this is more of a short- to medium-term trend and not indicative of the company’s longer-term health. For full story, click here
Once upon a time, Potash Corp. and its fertilizer brethren were the toast of Wall Street with Potash leading the way. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Potash prices have soared in recent years. What was once a commodity worth about $200 a tonne is now expected to fetch $1,500 by 2020. According to Scotiabank economist Patricia Mohr potash purchasers are currently paying US$872.50 per tonne at the port of Vancouver. “It is at a [...]
Mining companies have suffered an astounding reversal of fortunes in the past few months. As boom has turned to gloom, commodity prices have slumped, leaving mining firms with painful decisions to make. Rio Tinto is the latest to suffer. For full story, click here
Few commodities have been able to weather the storm. Gold declined about 30% from its highs in early 2008, but one of the strongest has been potash. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Potash managed to remain the star performer through September while oil and agricultural futures were battered, but just how is potash holding up in the current climate? In September potash prices reached a record of $862.50 US per tonne, and through October prices have been relatively stable [...]
Average spot potash prices rose from US$802.50 per tonne in August to US$862.50 in September and were stable in mid-October at about US$865 (FOB Vancouver). According to Scotiabank’s Patricia Mohr: Potash prices are underpinned by record-low inventories in North America, “sold-out” contract volumes at major potash producers and a strike at three PotashCorp mines in [...]
Thursday, February 25, 2010