06.08.2013 - Agribusiness ETFs in trouble as potash cartel collapses
There has been some rough trading in the commodity producer world so far in 2013, as a number of issues have kept these companies as underperformers. In particular, sluggish global demand, a low level of interest in commodities, and oversupplied conditions have been impacting a number of products this year. These trends have definitely taken place in the agribusiness market and especially in the fertilizer segment. This corner of the market has been doing quite poorly and earnings estimates have been falling across the board for the space, pushing the industry down to dead last in terms of the Zacks Industry Rank at time of writing...............................................Full Article: Source
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