Citi Cuts Agriculture Chem Names

Farmer Brown here...

Just a quick follow-up to my Monsanto piece from last week.

We discussed the fact that analysts are getting antsy about seeing through the valley on the farm stocks.  Today, Citigroup spit the bit on two big agriculture names.  Mosaic (MOS) and Potash (POT) were both cut to hold from buy at Citi following channel checks that indicated that farmers are spending a lot less on fertilizers this fall. 

The dichotomy of the ultra-bright future/ horrid near-term fundamentals continues for the ag space and analysts have ceased to ignore the ugly picture of today, despite their longer-term love affair with the "supercycle" thesis.

Stay tuned.

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Full Disclaimer:  I do not curently hold any long or short positions in any of the stocks mentioned in this post.  Nothing written here should be construed as research, investment advice or an invitation to buy or sell any securities.  See my Terms & Conditions page for a full disclaimer.

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