This morning, most of the leading agriculture stocks are coming under some early selling pressure. Agrium Inc (NYSE:AGU) is considered to be one of the leading stocks agriculture stocks in the sector. Today, AGU stock is declining lower by $1.25 to $102.49 a share. Short term traders should watch for intra-day support around the $101.50, and $100.00 levels. The daily chart of AGU remains above the 50 and 200 daily moving averages which keep the stock in a strong technical position.
Some other leading agriculture stocks that are declining lower today include Potash Corp./Saskatchewan (USA) (NYSE:POT), CF Industries Holdings Inc (NYSE:CF), and Mosaic Co (NYSE:MOS). All of these stocks in the sector seem to be trading in tandem today.