Fertilizer makers bank on US farm recovery from drought

Posted by Washington Post: Juliet Eilperin on September 18th, 2012
Reuters: Some of the world's biggest fertilizer companies are banking that the aftermath of the worst U.S. drought in 56 years will boost sales, as U.S. farmers seek to cash in on high crop prices. Chicago Board of Trade corn and soybean futures hit all-time high prices this summer, as the drought slashed U.S. harvest estimates to the smallest in 6 and 9 years, respectively. Those high prices may carry into next spring's North American planting season, depending on how South American crops fare in the......

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