Wait & See

The recent market volatility suggests more of a wait and see approach. Timing the market is difficult and near impossible. I would like to see how the market trades the next couple of days before going long or short.

Agriculture Continues to Deliver

The Mosaic Company (MOS) reported a terrific quarter today. Besides handily beating analyst earnings estimates, Mosaic prepaid $450M of debt with cash flow from operations. Mosaic has seen quarter over quarter price increases in its fertilizer products.

Last week, Monsanto (MON) reported a tripling of net income in its most recent quarter. Again further demonstrating the strength of the Agriculture cycle right now. Clearly a lot of the good news has been priced in to these stocks. Mosaic shares finished up .72% on the day. Taking some profits in the fertilizer and seed stocks would seem prudent.

Note: I am long MOS and have no position in MON