Potash (POT) (CF) (MOS) (AGU) (MON) (DE) Jump on Record Corn Futures

Potash (NYSE:POT), CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) and Monsanto (NYSE:MON) close up as corn futures settle at record price.

Also climbing was Deere & Co. (NYSE:DE), as the manufacturer of farm, turf and lawn equipment usually moves up on positive agriculture news.

Corn futures soared to a new settlement price record, with the July front-month contract rising 21 cents, or 2.8 percent, to settle at $7.854 a bushel on the Chicago Board of Trade. It reached as high as $7.93 before pulling back.

Lower acreage planted in the U.S., rising demand from China, and weather-related crop damage is pushing the price of corn up.

Wasting corn supply on ethanol is also weighing on the corn equation.

Potash closed Thursday at $55.36, gaining $2.12, or 3.98 percent. CF Industries closed at $154.86, soaring $6.24, or 4.20 percent. Mosaic closed at $68.84, rising $3.18, or 4.84 percent. Agrium ended the day at $84.71, jumping $2.76, or 3.37 percent. Monsanto closed at $69.51, up $1.89, or 2.80 percent. Deere closed at $82.00, increasing $2.04, or 2.55 percent.