Volume Spike Investor

Monsanto Co. (NYSE: MON) has just come out and reported earnings. The company beat earnings estimates but the top-line numbers and guidance aren’t going to be enough on the surface to keep everyone happy. This is dragging down the entire sector with more than one hour to the open. Monsanto’s stock is down 1.8% at $133.45 on 330,000 shares at 8:21 AM EST.

This is also pulling down Potash Corp. of Saskatchewan (NYSE: POT) by 0.9% at $225.36 on 30,000 shares and Mosaic (NYSE: MOS) is down by 1.25% at $141.20 on 17,800 shares at 8:22 AM EST.

This hasn’t spilled over into the Market Vectors Agribusiness ETF (AMEX: MOO) as of yet in actual share trades pre-market, although shares are indicated down around $62.50 or so after closing at $63.25 yesterday.

All of these stocks have options.

Jon Ogg

June 25, 2008