Here’s Why Fertilizer Stocks Are Spiking Higher Now
Quick answer: Fellow agriculture stock, The Mosaic Company (NYSE:MOS) reported fourth quarter earnings that squashed analyst expectations, signaling a bull market for food producers. Demand in emerging markets continues to fuel rising food prices, which are a boon to profit statements of farmers and their chief suppliers, the guys with the fertilizer. Check Out: Mosaic Earnings Cheat Sheet: Fifth Consecutive Quarter of Double-Digit Revenue Growth.
Here’s a look at how popular fertilizer stocks are reacting to the news:
The Mosaic Company (NYSE:MOS) up 4.86%, Potash Corp. (NYSE:POT) up 3.62%, Agrium Inc. (NYSE:AGU) up 2.69%, AgFeed Industries (NASDAQ:FEED) down -1.29%, Market Vectors Agribusiness ETF (NYSE:MOO) up 1.65%, Monsanto Company (NYSE:MON) up .93%.