Potash and Monsanto rise as analyst predicts higher potash prices
NEW YORK (AP) -- Shares of agricultural chemical companies were mixed Monday, after a Citi Investment Research analyst forecast higher potash prices by the end of the year.
Citi analyst Brian Yu said there's an "increasing likelihood" that worldwide spot potash prices will reach $1,000 per ton in the fourth quarter.
Some agricultural chemical stocks, like Potash Corp. of Saskatchewan Inc. and Monsanto Co., bucked the trend on Wall Street, where stocks declined on higher oil prices.
How shares of major agricultural chemical companies fared Monday:
DuPont Co., down 25 cents to $46.95.
Dow Chemical Co., down 28 cents to $38.77.
Potash Corp. of Saskatchewan, up $3.77 to $229.88.
Monsanto, up 50 cents to $137.35.
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