Tuesday, October 12, 2010

Potash (NYSE:POT) Up on Lower Corn Yields

The corn crop in the U.S. is ending up lower than expected, and that has pushed up a number of companies, including fertilizer giants Potash (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).

That doesn't seem like it'll have any effect on the offer of BHP Billiton (NYSE:BHP) bid for the company.

Agricultural equipment makers like Deere (NYSE:DE) have also moved up some, although they have pulled back some after the initial push.

Overall the harvest is expected to end about 4 percent lower for corn, although estimates are almost 25 percent lower than earlier projections.

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