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Commodities Briefing - Categorized | Agriculture, Market Moves more

Slide in agricultural stocks doesn’t reflect fundamentals

Posted on 03 October 2008

From Resource Investor: Salman Partners analyst Raymond Goldie said the sell-off of Potash Corp. of Saskatchewan (POT) and Agrium Inc. (AGU) are due to a disappointing quarterly report from an American peer.

But Goldie said the lacklustre results released Wednesday night by Mosaic Co. (MOS), a Minnesota-based fertilizer producer, were due to problems specific to the company, not the industry. Another analyst also downplayed fears that a U.S. economic slowdown would have a severe impact on U.S. corn production — a major use of fertilizer — because of government subsidies…… Full Article: Source


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