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Thursday, 06/23/2011 1:48:00 AM

Thursday, June 23, 2011 1:48:00 AM

Post# of 3005
How's The Crops Fairing in Alberta John?

Long time no speak. Hope all is well. Australian crop is mixed atm. Grain markets have tanked of late. There's nothing to suggest that sort of confidence in global production prospects is justified. Markets effectiveely tank when disaster is avoided, whereas the grain coffers need above average crops just to keep up with rising demand.

We have yet to see 'the' big spike in grains IMO. But it will likely culminate in a very spectacular broader market meltdown of some sort.

Keeping an eye on nitrogen and phosphate. They've left their runs late and are on the move ... not too concerned about potash prices. It's always the last fertiliser to be purchased. Investors don't understand this it seems. Phosphate is always applied at planting with nitrogen. Potash always comes last.

Good luck.

Got agricultural exposure?

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