Fertilizer_________Of Note:Farmers around the world have taken a major gamble with their crops by cutting potash applications in response to high prices.
The potash industry is extremely concentrated, and producers such as Potash Corp. of Saskatchewan Inc. collectively cut production instead of quickly lowering prices.
But a year later, farmers have maintained low potash applications and their crops are doing fine.
"Now the farmer is saying, ‘Hmm, maybe I'll take my chances a bit longer.'_____________________________________________________________________________________________
To access my current posts, click the following link:Notes From a Cyber Trader____________________________________________________________________________________________________________________________________________Farmers' potash gamble has producers paying price