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Originally Posted by Spin  Quote: |
Originally Posted by Spin It could be a good week, but I need oil prices to stay high and for corn and wheat prices to remain at current levels or go back up | mmmm corn and wheat fell and oil is also down. This wont help the cause for the agriculture stocks today. There is a correlation between strong oil prices and fertilizer prices, not sure exactly why but there definatley is..... |
IIRC, the Phosphate part of the fertiliser is very energy intensive to produce.