Corn futures
dropped today after the USDA said farmers will plant 97 million acres of corn,
up from 89.7 million last year. The average analyst estimate for 2020 was 94.1
million, according to Bloomberg. In
addition, a crash in the ethanol market, which typically consumes a third of
the corn harvest, has raised concerns about demand.
Plateau Energy Metals Inc., Toronto, reports that it has entered
into a nonbinding Memorandum of Understanding with Swiss-based Ameropa AG for
cooperation on the potential production, marketing and future offtake of
potassium sulfate (SOP) from the Falchani Project in Peru. The SOP would be a
byproduct from the Falchani lithium extraction project. A Peru and South
America SOP market study is currently underway.
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