Fertilizer firms rose to new highs amid upbeat forecasts. Agrium (NYSE:AGU - News) hiked its Q2 EPS guidance to $2.80-$3 from $1.92-$2.22. Wall St. expected $2.50. Potash Corp. (NYSE:POT - News) said it's poised for significant growth in the next 5 years, adding that fertilizer prices are nowhere near their peak.
Agrium shares rose 9% and Potash 1%. Intrepid Potash (NYSE:IPI - News), which backed its '08 output target, climbed 5%.
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