Agriculture & Fertilizer Stocks

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Thursday, May 22, 2008

Agricultural chemicals rise

Agricultural chemicals follow Wall Street higher as jobless report spurs optimism


NEW YORK (AP) -- Shares of several agricultural chemical companies rose on Thursday, following the broader market higher after two sessions of steep declines.
Although oil prices set another trading record overnight, prices backed off a bit Thursday morning. Meanwhile, the Labor Department reported that the number of newly laid off workers filing for unemployment benefits declined last week to the lowest level in a month.

How shares of major agricultural chemical companies fared Thursday:

DuPont Co., up 31 cents to $48.47.

Dow Chemical Co., up 35 cents to $41.74.

Potash Corp. of Saskatchewan Inc., up $4.32, or 2.2 percent, to $199.91.

Mosaic Co., up $3.82, or 3.2 percent, to $124.50.

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