Corn rallies nearly 4%; soybeans, wheat also higher. And: Potash Corp. sell-off way overdone (POT)

From MarketWatch:

Corn futures rallied nearly 4% Monday, rebounding from big slumps in the previous session, as traders bought back the commodity in hopes that prices might have bottomed. Soybeans and wheat also moved up.

Corn futures for December delivery gained 20 cents, or 3.6%, to $5.70 a bushel on the Chicago Board of Trade. It earlier jumped 4.1% to $5.72. Corn closed on Friday down 5% at $5.30....MORE

From the Financial Post:

Like every other commodity company, shares of Potash Corp. of Saskatchewan have been clobbered in recent weeks amid concerns about a global growth slowdown. They're down 25% from the record levels reached in June.

Brian Yu, an analyst at Citigroup Global Markets, thinks that global growth concerns do not apply as strongly to fertilizer as they do to metals or oil and gas. Put another way, the sell-off on Potash Corp. is overdone, he wrote....MORE