Mosaic (MOS +2.1%), Potash (POT +1.9%), and Agrium (AGU +2.2%) trade higher after Canpotex, the...

|About: The Mosaic Company (MOS)|By:, SA News Editor

Mosaic (MOS +2.1%), Potash (POT +1.9%), and Agrium (AGU +2.2%) trade higher after Canpotex, the fertilizer companies' offshore sales agency, announces a 1M-ton potash supply deal with China's Sinofert Holdings for 1H13. Though the deal involves a $70/ton price cut from the last contract between the parties (established in March), the Street is pleased in light of surging potash stockpiles. A deal between Canpotex and Indian buyers is expected in Q1.