Agriculture Stocks Fail To Sprout Early
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.