Corn up again overnight
$6.77.
Higher corn prices will feed into higher fertilizer prices over the next 6 months.
and according to fertilizer week
"Brazil?s demand for domestically produced fertilizers and imports in the first half of 2011 was much stronger than expected"
Brazil is powering ahead with farming and will probably be the worlds food basket fairly shortly. They need huge amounts of fertilizer to keep it going.
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