This morning, many of the leading agriculture stocks are trading higher despite the weakness in the major stock indexes. CF Industries holdings Inc (NYSE:CF) is considered to be one of the leading agriculture stocks in the sector. Today, CF stock is trading higher by $7.00 to $184.70 a share. Short term traders should watch for intra-day resistance around the $185.00, and $191.00 levels.
Some other leading agriculture stocks that are trading higher today include Potash Corp./Saskatchewan (NYSE:POT), Intrepid Potash Inc (NYSE:IPI), and Mosaic Co (NYSE:MOS). Traders must realize that these stocks are trading higher in a weak market, therefore the upside from these levels are likely to be limited until the major stock indexes can bounce higher.