Agriculture Stocks Fail To Sprout Early
Nicholas Santiago | Mar 28, 2012 11:18AM ET
This morning, the leading agriculture stocks are coming under some early selling pressure. This important sector has been very range bound over the past three months. Potash Corp./Saskatchewan (USA (NYSE:POT) is considered one the best stocks in the sector. Today, the stock is declining lower 0.53 cents to to 45.94 a share. Short term traders should watch for intra-day support around the $45.60 and $45.00 levels.
Some other leading agricultural stocks that are coming under early selling pressure include CF Industries Holdings, Inc.(NYSE:CF), Mosaic Co (NYSE:MOS), and Monsanto Company (NYSE:MON). All of these stocks remain range bound on the daily charts at this time.
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