Ag Stocks Tumble on Lower Grain Prices, Global Commodity Concerns (POT, MON, MOS, AGU, more..)

Ag plays such as Potash (NYSE: POT) and Monsanto (NYSE: MON) are sinking today as grain futures started today's trading session lower. Although grains such as wheat and corn have now come off their session lows and are now trading near positive territory, many of the popular ag stocks are still sitting at least 3% lower than yesterday's close. Traders are also attributing the weakness to a concerning demand picture for commodities across the globe.

• Potash - down 7% to $167.03
  
• Monsanto - down 3% to $113.50
  
• Mosaic (NYSE: MOS) - down 7% to $88.60
  
• Agrium (NYSE: AGU) - down 5% to $80.40
  
• CF Industries (NYSE: CF) - down 5% to $115.70
  
• Terra Industries (NYSE: TRA) - down 5% to $40.60

The ag names have been bouncing recently following a nearly 3 month slide as investors speculated that the "commodities bubble" had burst. Since hitting a near-term bottom in the beginning of September, stocks in the ag group have yet to see resistance until today, so it will be interesting to see what kind of action this group sees tomorrow.

Potash Corporation of Saskatchewan, Inc. engages in the production and sale of fertilizers, and related industrial and feed products in North America.

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers principally in the United States.

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