Canadian Fertilizer Company Jumps 26% in Today’s Trading
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Australian minerals giant BHP Billiton (NYSE: BHP) failed to take over Potash Corp. (NYSE: POT) with a bid of $130 a share.

The failed bid pushed shares nearly 30% higher, raising Potash Corp's market cap to $42 billion - or $6 billion more than the offer from BHP.

Potash is the world's largest fertilizer company, and this failed takeover buoyed share prices throughout the fertilizer sector.

Agrium Inc (NYSE: AGU) jumped over 5% today, and Mosaic Co. (NYSE: MOS) saw 10% gains.

This takeover bid falls on the heels of higher wheat, soybeans and corn prices - the three most commonly grown crops in the United States.

And legendary hedge fund manager and commodity investor Jim Rogers says that agriculture prices are going to continue to rise: "We're going to have much, much higher prices over the next few years..."

Already this year, wheat prices have doubled, soybean prices are up 20% in the last two months month alone, and in the past five years corn has more than doubled in price. Much of these increases are due to drought and wildfires in Russia, which recently stopped all export of wheat - but other commodities are on the rise as well: oil, gold, silver, coal - it seems like the prices of commodities are finally catching up with the world's appetite.

To take advantage of this surge in commodity prices, Chief Financial Strategist Ian Wyatt has put together a special report on his three favorite commodity ETFs - including an ETF dedicated to agriculture stocks.

You can find out the names of these ETFs by clicking on this link and following the instructions.

Posted 08-17-2010 3:46 PM by Ian Wyatt
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