Monsanto is up $1.30 at $86.30, Mosaic is up $1.85 at $65.00, Potash is up $1.90 at $120.29 and the ETF is up 60 cents at $46.23. Still waiting on POT's numbers, here's the company's forecast. The three stocks total 23.5% of MOO's holdings.
From Barron's Stocks to Watch Today blog:
Despite agribusiness giant Monsanto (MON) missing sales and earnings estimates this morning for its fiscal Q1, fertilizer makers, who are naturally dependent to some extent on the trends Monsanto endures, are rising this morning. Mosaic (MOS), which makes phosphate- and potash-based fertilizer, is up 45 cents, or 0.7%, at $63.60, POT), the largest U.S. maker of potash-based fertilizer, is up 82 cents, or 0.6%, at $119.21. Credit Suisse’s Elaine Yip yesterday raised her rating on Potash to “Outperform” based on greater confidence in fertilizer pricing after the firm negotiated contracts with China.