Demand for Fertilizer Boosts Agrium and PotashCorp Stocks

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Includes: AGU, POT
by: FP Trading Desk

Shares in Agrium Inc. (NYSE:AGU) got a boost Wednesday thanks to fertilizer competitor PotashCorp. of Saskatchewan Inc. (NYSE:POT).

Agrium shares rose close to 5% in morning trading after PotashCorp. announced that fourth quarter profit had doubled as strong global demand for fertilizers led to significant price increases.

Potash shares were up more than 6% heading into the afternoon trading session.

AGU vs. POT 1-yr chart:

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Tagged: , Agricultural Chemicals, Canada
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