Ags are also in the mix, the leaders being CF Industries (CF), Monsanto (MON) and Agrium (AGU).
But Agrium shares are the least overpriced, while competitors like Potash ( POT) and Mosaic ( MOS) are way over the top.
Cantopex, which also represents fertilizer producers Agrium ( AGU) and Mosaic ( MOS), gives Canada genuine clout in setting international potash prices.
Best choice: Agrium , up 100%, as agricultural stocks did well.
If you think grain is headed for a higher plateau, Grice recommends looking at stocks like Bunge, Archer Daniels Midland, Yara International, Agrium, Syngenta and Monsanto.
Agrium gets a measure of revenue stability from its profitable and growing chain of retail centers, which sell fertilizer, seeds and other ag products directly to farmers.
Potash peers Mosaic increased 4.1% Wednesday, while Agrium rose 1.4%.
Some of the other fertilizers in the group like Potash ( POT), Mosaic ( MOS), and Agrium ( AGU) appear to be coming up the right side of shorter basis.
The upward momentum is likely to continue as Agrium, like many other leading fertilizer stocks, is poised to gain for the remainder of 2012 from the drought in the Midwest.
Better take another look at the Market Vectors agricultural ETF (DBA), their agribusiness ETF (MOO), as well as my favorite ag stocks, Monsanto (MON), Mosaic (MOS), Potash (POT), and Agrium (AGU).
Shares of Agrium have outperformed those of fertilizer peers, gaining 51% year-to-date, just ahead of CF Industries, up 49%, and well ahead of Mosaic, up 17% , and Potash Corp.
Richard Downey, Agrium's senior director of investor relations, said it's ironic that investors are worried about fallen crop prices since they're down from unprecedented peaks reached while floods soaked the Midwest.
Mosaic and Agrium posted similarly impressive runs and tumbles.
Crop prices may have fallen from recent peaks but agricultural nutrients and grains remain strongly priced and in tight supply, which means that the staggering growth of Agrium's second quarter is expected to continue.
The ags and the refiners had a spirited move to start the third quarter and continued well: CF Industries (NYSE:CF), Monsanto (NYSE:MON), Agrium (NYSE:AGU), Mosaic (NYSE:MOS), the ones we focus on for the Pricepoint Sheet and Off the Charts.
"Given that global and U.S. grain inventories remain very tight, grain prices will continue to reflect growing conditions and yield potential for both U.S. and global crop production, " Agrium said, citing a June report from the U.S. Department of Agriculture, which anticipates global grain and oilseed stockpiles to scrape 35-year lows through 2009.
应用推荐