TSXV:AAA.P - Post by User
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Lateniteon Apr 26, 2012 12:18am
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This one is for you buddy STags - Corn
This one is for you buddy STags - CornPrediction turning into reality?
If corn production increases, Mosaic stands to gain, as potash and phosphate are the two most important fertilizers for farmers after nitrogen. The U.S. Department of Agriculture's prediction of record corn plantations in the U.S. this year might hold true. Consider these three facts:
- According to USDA reports, corn stockpiles as of March 1 were at an eight-year low, dipping 8% from the comparable period last year. This shows there is high demand for corn.
- Farmers have started planting earlier than usual because of the warm weather in March, particularly in the critical U.S. Midwest. They had already planted 3% of the total annual corn crop by April 1, a pace not seen since 1980.
- Corn output from other major corn producers, such as Brazil and Argentina, has fallen because of drought conditions, giving a boost to U.S. farmers.