(Reuters) - North American fertilizer stocks tumbled on Thursday after the U.S. Department of Agriculture shocked grain markets with a forecast of larger-than-expected corn and soybean supplies.
Shares of Potash Corp of Saskatchewan (POT.N), the world's biggest fertilizer maker, fell 3.5 percent, or $1.52, to $42.29 in early trading in New York.
Shares of Mosaic (MOS.N) and CF Industries (CF.N) fell 3.8 percent and 3.9 percent, respectively.
Overall, stocks were little changed.
Grain traders expect the bearish Agriculture Department report to weigh heavily on Chicago Board of Trade corn, soybean and wheat futures when that market opens at 10:30 a.m. EST.
Jan. 12 WASDE report