Market Overview

Potash Stocks Declining On Weak Guidance From World's Largest Potash Producer

Share:
Potash Stocks Declining On Weak Guidance From World's Largest Potash Producer
Related MOS
Watch These 7 Huge Put Purchases In Wednesday Trade
18 Biggest Mid-Day Gainers For Tuesday
Related POT
The Market In 5 Minutes: Oil, Debates And Epidiolex
Benzinga's Top Upgrades
Agrium Can Improve Its Margins By Acquiring Production Capacity And Leveraging Its Retail Network (Seeking Alpha)

Vladislav Baumgartner, CEO of OAO Uralkali, the world's largest producer of potash, released a forecast for the price of the chemical overnight that sent shares of potash companies globally lower.

Baumgartner said that his firm expects prices to fall 25%, sending shares of Mosaic (NYSE: MOS) lower by 15.43%, Potash (NYSE: POT) by 15.86%, and Agrium (NYSE: AGU) lower by 12.49 percent.

Posted-In: OAO Uralkali Vladislav BaumgartnerNews Guidance Movers Best of Benzinga

 

Related Articles (AGU + MOS)

View Comments and Join the Discussion!