Here is an excerpt from Bloomberg this morning Futures have slumped 41 percent from a record in 2008 after farmers around the world increased plantings. Global output will climb to 466.5 million tons this year from 463.98 million tons in 2012, the U.S. Department of Agriculture said June 12. The global cereal harvest will reach a record 2.42 billion tons in 2012, exceeding consumption estimated at 2.38 billion tons, the United Nations’ Food & Agriculture Organization said June 13.
And this is why more fertilizers will be needed and thus more phosphate , keep the longterm in mind and all the longs will make $$$ on Dan
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