Market Overview

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

Related MOS
Ex-Dividends For June 3, 2014
UPDATE: Macquarie Capital Downgrades The Mosaic Company On Near-Term Pain, Long-Term Gain
Related POT
Earnings Scheduled For July 24, 2014
Benzinga's Top Downgrades

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.

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