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

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 MOS lower by 15.43%, Potash POT by 15.86%, and Agrium AGU lower by 12.49%.