Thursday, March 20, 2008

Sector Snap: Agricultural Chemicals (MON; MOS; POT)

Via Yahoo Finance:
Shares of agricultural chemical companies declined on Thursday, following commodities prices mostly lower.Banc of America Securities analyst Kevin W. McCarthy said agricultural chemical companies have declined recently on a sell-off in commodities like gold, oil, corn and soy.
"Investors sold on the belief that Fed cuts are nearly done, which could support the dollar, with negative implications for dollar-denominated commodities," McCarthy wrote in a client note....MORE