Deere & Co. and Monsanto Co. were among North American agricultural stocks that climbed Tuesday as a jump in commodity prices prompted speculation that farmers will increase spending on fertilizer, seeds and machinery.
Deere, the world’s largest farm-equipment maker, gained 5.2 percent to $8.36 at the close in New York, the biggest increase in six months. Monsanto, the largest seed company, climbed 4.8 percent while fertilizer producers Mosaic Co., Potash Corp. and CF Industries Holdings Inc. also advanced.
Soybean futures closed up 3.3 percent on the Chicago Board of Trade after earlier touching an eight-month high, while corn reached its highest since early October. The gains come amid a decline in the dollar and worries that flooding in Argentina and dryness in parts of Brazil have cut crop production. The planting season in the U.S. has just begun, with 13 percent of the domestic corn crop planted as of the start of this week, according to the government.
"The fertilizer prices and the stocks are exceptionally sensitive to the grain prices," Jason Miner, a senior analyst with Bloomberg Intelligence in Skillman, New Jersey, said in an interview. "The key question on fertilizers is whether prices have bottomed. A positive move in corn and soybeans lends credibility to those analysts that have been calling a bottom."
SEE
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10bagger10
sifu, u really break record ade...10 post in 1 night??!!
20/04/2016 22:58
Haha!
Only 5 to night.
Hope to get attention from some going the wrong way - buying the wrong stocks.
If good stocks are not promoted bad stocks by syndicates will be.
So I hope some will take heed and not lose in the stock market.
Enough for now.
Good night
ZZZZzzzz,,,,...
2016-04-20 23:04
Posted by teareader > Apr 20, 2016 11:05 PM | Report Abuse
Like a cat on a hot tin roof?
Ok, about to turn off computer for the night.
Will post one more about
COMING FLOODS EVERYWHERE CAUSE BY LA NINA!
See my next post.
Good night.
2016-04-20 23:15
10bagger10
sifu, u really break record ade...10 post in 1 night??!!
2016-04-20 22:58