Fertilizer Complex Hit Hard (POT, AGU, MOS, CF)

The entire fertilizer complex has been hit hard on Wednesday prior to Ben Bernanke's press conference. It appears as if traders in commodity stocks are showing caution across the board, and are lightening up positions on the off chance that Bernanke delivers some hawkish commentary on U.S. monetary policy. Leading the sector lower is Potash POT, which has shed 3.30% and is trading at $56.33. Agrium AGU has lost 2.51% and is trading at $90.01. Mosaic MOS shares are down 2.52% and CF Industries CF has lost 1.81% and is currently trading at $137.80. If Bernanke offers the market more dovish talk with regard to interest rate policy this afternoon, we could see a notable reversal in all of these stocks. This may be a sector that short-term traders want to focus on today.