The Agribusiness ETF (MOO -0.5%) is lower in opening trade after Mosaic slashed its forecast for...

|By:, SA News Editor

The Agribusiness ETF (MOO -0.5%) is lower in opening trade after Mosaic slashed its forecast for potash and phosphate sales. Mosaic, -4.4%, is just 4.4% of MOO's holdings, but fertilizer firms together make up closer to 20% of AUM.