Stags/Bob/Scorpio" “Grains explode on drought stre --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Sulphate of Potash (“SOP”) is a non-chloride based potash fertilizer that sells at a substantial premium over the price of regular potash known as Muriate of Potash ("MOP"). MOP contains chloride and is therefore not the optimal potash for numerous crops and in situations where there is high soil salinity.
The SOP market is towards six million tonnes per year. SOP is a significant fertilizer in the fruit, vegetable, tobacco, potato, and horticultural industries. SOP is also applicable in soils where there is substantial agricultural activity with varieties of crops and therefore where the salinity of the soil has increased, and in areas where soils are dry.
“Grains explode on drought stress”
07/16/2012 @ 3:19pm
Corn prices jumped 4.9% Monday as forecasts for more hot, dry weather renewed concerns that a drought in the Midwest is taking a heavy toll on the nation's corn crop.
Corn futures have surged in recent weeks as expectations have fallen for a corn harvest that was once expected to set a record. In a monthly supply-and-demand report last week, the U.S. Department of Agriculture pared its estimate for this fall's corn yield by a higher-than-expected 12% from its forecast last month, to 146 bushels an acre.
Corn futures for September delivery rose 36 1/4 cents--nearly the 40-cent limit imposed by the exchange--to $7.76 3/4 a bushel Monday at the Chicago Board of Trade. The front-month contract has risen 40.8% since bottoming out in early June, and is just 23 cents away from the nominal record of $7.99 3/4 a bushel reached in June 2011.
https://www.agriculture.com/markets/analysis/corn/grains-explode-on-drought-stress_9-ar25225