Value Microcaps Food, Agriculture and Soft Commodities

[stock_peeker]

07:46 Citigroup upgrades POT and MOS to Buy and AGU to Hold saying last week's USDA report indicated lean grain inventories, including significantly tighter corn stocks-to-use. Firm says grain prices don't have a "cushion" -- another major weather event or poor crop for a major producer could move corn prices closer to the $5.00+ range we saw last summer. They note the wet cold weather has significantly delayed much of the US corn crop. The latest crop progress report indicates corn plantings are 62% complete, behind the 85% average rate for 2004- 2008. Firm also says with the easing of credit conditions and stabilization of some industrial and consumer markets, downside risk is lessened.

'peeker: Let's go KCL ... time to get bought out