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Opening Glance: Potash Companies



By AP
09 July 2008 @ 10:47 am EST

NEW YORK - Shares of potash companies bucked the trend on Wall Street and rose as an analyst forecast gains from strong demand and limited supply of the fertilizer.

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Quotes
AA 8.44 1.59
MOS 24.94 2.63
IPI 15.98 1.64
POT 60.42 4.96

SYMBOL LOOKUP

Goldman Sachs analyst Edlain Rodriguez said potash prices are rising, reflecting global demand and limited availability. On Wall Street, stocks declined as oil prices rose, and Alcoa Inc. posted a lower quarterly profit, which still topped expectations.

How shares of major potash companies fared Wednesday:

Potash Corp. of Saskatchewan Inc. rose $6.94, or 3.1 percent, to $221.47.

Mosaic Co. rose $6.23, or 4.8 percent, to $137.25.

Intrepid Potash Inc. rose $2.47, or 4.6 percent, to $57.50.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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