"US DAP producers? inventories are at a 14-year low,despite...

"US DAP producers? inventories are at a 14-year low,
despite earlier promises from producers that they would be
able to run at near normal levels despite confirmed and
rumoured production problems related to everything from
mechanical breakdowns to mining hang-ups. Certainly huge
fall sales in the US take much of the credit for the plunging
inventory level, but end-users in the US and overseas have
expressed doubts for months about US production being able
to meet producers? claims.
As a result, it appears almost inevitable that the US
market will attract more cargos of DAP and MAP in the first
quarter to meet spring demand."
fertweek 16thdec2010

Bloomberg's "Chart Of The Day" Warns Of Coming Surge In Wheat, Corn Prices
Tyler Durden's picture
Submitted by Tyler Durden on 12/12/2010 23:55 -0500

Now that the Chairman's new mandate is not to prevent disinflation but to generate inflation, he may soon be patting himself on the back... but for all the wrong reasons. As the Bloomberg chart of the day indicates, the world may very soon see a surge in wheat and corn prices, pushing such staples as bread and corn flakes through the roof. The reason, in addition to Bernanke's flawed monetary policy: "bad weather and a shortage of farmland threaten to create supply shock waves." As the chart below shows the price of a basket of grains and palm oil has risen almost 50 percent since the 50-day moving average passed through the 100-day line. On the two previous times this occurred the past decade, prices about doubled or tripled over the following two years before peaking. In other words, if history is any indicator, we may see a quadrupling of input prices from here as the last "food inflation" bubble is recreated. Are double digit prices for a loaf of bread in the immediate future for what will soon be a hungry US middle (what's left of it), and not-so middle class? Quite possibly. Luckily, all their stock gains should more than offset this upcoming price shock. Or not."
http://www.zerohedge.com/article/bloombergs-chart-day-warns-coming-surge-wheat-corn-prices

very good mix for big phosphates price increases, when add to china exports heavily tax for the next 6months and rise food prices. looking fairly similar to 3 years ago.

just topped up at 38.