Why Fertilizer Stocks Sank 20% Yesterday
The world of fertilizer stocks took a major tumble yesterday as the commodity segment dominated the headlines. Major fertilizer firms like Potash (POT) and Mosaic (MOS) watched their stocks tumble as much as 20% throughout the day, accompanied by trading volumes far above average. The hit came after a major development involving a Russian company and the potash cartels that have long controlled the price for the potassium-based fertilizer product [for more commodity news and analysis subscribe to our free newsletter].
Global X Debuts Fertilizer ETF (SOIL)
This article originally appeared on ETFdb.com. Global X notched another ETF industry first on Thursday, debuting a fund that focuses on companies globally that are engaged in some aspect of the fertilizer industry. The Global X Fertilizers/Potash ETF (SOIL) seeks to replicate the Solactive Global Fertilizers/Potash Index, a benchmark that includes about 29 companies from both developed and emerging markets.