S&P 500
7,464.00
+0.15%
Dow Jones
52,389.60
+0.18%
Nasdaq 100
29,901.60
+0.34%
Russell 2000
3,015.57
+0.21%
FTSE 100
10,621.80
+0.77%
Nikkei 225
70,084.80
-0.81%

Commodities & Metals

Potash Fertilizer Makers Get Bump on US Planting Estimates (POT, MOS, CF)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
US plantings of wheat and corn this year will be higher than the most recent US Department of Agriculture survey according to new survey results from Allendale Inc. cited by Bloomberg News. The firm forecasts that corn planting will rise to more than 95 million acres, higher than last year’s total of 91.9 million acres and higher than last month’s USDA forecast of 94 million acres. Wheat planting will rise to nearly 57 million acres.

Potash fertilizer makers are getting a nice share-price bump on the news, with Potash Corp. of Saskatchewan (NYSE: POT) rising more than 5.5%, Mosaic Co. (NYSE: MOS) up about 4.25%, and CF Industries Holdings Inc. (NYSE: CF) up about 2.35%.

Shares of Potash Corp. and Mosaic are down about -17% and -24%, respectively, over the past 12 months. CF Industries’ shares are up about 46% in the same period, mostly on the strength of the demand for nitrogen fertilizer.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

The Celebration Portfolio That Pays For Date Nights, Birthdays, And Anniversaries Forever
Drew Wood |

The Celebration Portfolio That Pays For Date Nights, Birthdays, And Anniversaries Forever
Forced to Take an RMD in a Down Market? Here's the Tax Move That Avoids Selling Low
Gerelyn Terzo |

Forced to Take an RMD in a Down Market? Here's the Tax Move That Avoids Selling Low

Continue Reading

Jon C. Ogg |

Demand for Grain to Lift Fertilizer Prices (MOS, POT, AGU, MON, CF, SYT, MOO)

Fertilizer maker The Mosaic Co. (NYSE: MOS) reported earnings for its first fiscal quarter of 2012 after markets closed yesterday,…

Jon C. Ogg |

Commodities Watch: Grain Supplies and Planting Plans Stir Up Equities; Rare Earths Get Some Congressional Attention (MOS, POT, AGU, CF, MOO, DBA, MON, KFT, TSN, CAG, SFD, MCP)

Time now for our daily look at commodity prices and news. Today’s news is dominated by two reports from the…

Jon C. Ogg |

Agriculture Report Good for Farmers, Not For Consumers (ADM, BG, MOS, MON, POT, DE, CNH, LIZ)

The US Department of Agriculture this morning released its January World Agricultural Supply and Demand Estimates, or WASDE, which projects…

Jon C. Ogg |

Ag, Fertilzer, Potash Benefiting From Russia’s Wheat Woes (ADM, DE, MON, POT, SYT, MOS, TNH, MOO)

News related to the reduced wheat crop in Russia, followed by a ban on Russian wheat exports, have sent wheat…

Jon C. Ogg |

Buy a Farm, Not a House (DE, CNH, POT, MOS, SYT, MON, IPI, AGU, MOO, BHP)

Rising commodity prices, especially for agricultural products, are pushing up land prices and stock prices for some of the biggest…

Jon C. Ogg |

Commodities Watch: Checking in on Fertilizer Shares; Beer to Cost More; Wheat to Cost Less (POT, MOS, AGU, CF, MON, SYT, BUD, TAP, SAM, DBA, MOO)

Today’s commodities news leads off with a quick look at how fertilizer stocks are doing. There’s also some bad news…

Jon C. Ogg |

Commodities Watch: Fertilizer, Food Prices Could be Spiraling; US Drought Threatens Wheat Crop; China Rejects Coal Shipments (SYT, MON, MOS, GLD, SLV)

Today’s commodities report focuses on rising costs for fertilizer and food, the drought in the US southwest, and reports that…

Jon C. Ogg |

Agribusiness Outlook Bright (SYT, MON, MOS, POT, AGU, IPI, CMP, MOO)

Rising prices for food commodities should continue throughout 2011, and the agribusiness sector is set to take advantage of it.…

Paul Ausick |

Fertilizer Stocks May Be Fully Valued

Fertilizer maker Potash Corp. of Saskatchewan Inc. (NYSE: POT) is expected to report earnings on Thursday, and post earnings per…

Top Gaining Stocks

Corning
GLW • Vol: 24,307,400
KLA
KLAC • Vol: 14,628,648
Western Digital
WDC • Vol: 11,268,872
Applied Materials
AMAT • Vol: 14,164,881
Axon Enterprise
AXON • Vol: 1,847,989

Top Losing Stocks

Honeywell
HON • Vol: 7,773,157
Coterra Energy
CTRA • Vol: 73,319,495
Super Micro Computer
SMCI • Vol: 91,227,161
Copart
CPRT • Vol: 18,101,097
Ulta Beauty
ULTA • Vol: 895,681