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BUZZ-Agricultural stocks lifted by improved market sentiment

Reuters
Mar 18, 2025
BUZZ-Agricultural stocks lifted by improved market sentiment

** Shares of agricultural commodities traders rise in afternoon trade

** Most basic materials (agri-chemicals) sector up on improved market sentiment - Morningstar analyst Seth Goldstein

** "Seems the whole market is up ... modest bounce in corn prices today ... Mosaic is hosting an investor day on Tuesday ... suspect all these factors are contributing to the outperformance" - Mizuho analyst Edlain Rodriguez

** S&P 500 index .SPX up around 1%, continuing rebound from Friday last week .N

** FMC Corp FMC.N up 4.4%, Mosaic MOS.N rises ~1%, Intrepid Potash IPI.N up 1.1%% and Bunge Global BG.N rises 2.7%

** Corteva CTVA.N up ~2% and Archer-Daniels-Midland ADM.N rises 2.3%

** Shares of Canada-based Nutrien NTR.TO up ~1%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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