Agriculture Stocks Buck The Trend
Anyway you slice it or dice it, the major stock indexes are under selling pressure today. Most leading industry groups are trading lower this afternoon as the U.S. Dollar Indexes rallies higher and deflates the stock markets. There is one sector that is bucking the intra-day trend and that is the agriculture stocks.
This afternoon some leading agriculture stocks such as Potash Inc.(POT), CF Industries Holdings Inc.(NYSE:CF), Mosaic Co.(NYSE:MOS), and Monsanto Co.(NYSE:MON) are all trading higher on the session. Often, when the U.S. Dollar Index is stronger on the session most agriculture stocks will decline and trade lower as they usually behave much like commodity stocks. That is not the case today as most agriculture stocks are trading higher on the session.