30Aug10:51 amEST

Canada Stealing America's Thunder This Morning

In the face of a soft, sloppy open on the major averages in the U.S., Canada's Potash and Agrium were said to be in advanced talks about a merger, according to Bloomberg. 

As a result, most ag plays are rallying sharply, obviously including AGU POT. 

However, from a long-term perspective I am intrigued by the chart of Mosaic. On the monthly MOS timeframe, below, note the possible triangle (light blue lines) bottom after a prior multi-year downtrend. 

If Mosaic can now hold over the $30 level into autumn, I am looking at the prospect of this, and indeed other fertilizers, bottoming and following in the progress made by materials miners this year. 

Stock Market Recap 08/29/16 ... Representing Evansville, Ind...

 
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