Mosaic, a fertilizer company specializing in phosphate and potash reported a SIX-FOLD increase in earnings. Net earnings for the fiscal second quarter ended Nov. 30 rose to $394 million, or 89 cents per share, from $65.9 million, or 15 cents per share, a year earlier. Sales jumped only jumped by 44 percent.
The rise in earnings were mainly driven by rise in the prices of phosphate and potash. As the agriculture boom continues worldwide, the prices of these commodities are expected to rise.
I believe year 2008 will continue to be a year of commodities.
Hot commodities to watch this year would be:
1) Oil
2) Gold
3) Agriculture related
I am planning to focus my investments and trading around these commodities.
Sunday Night Futures
5 hours ago
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