FTAG - Ag stocks dry up as Fed rate view scares investors off commodities
Murilo Gualda /iStock via Getty Images Agriculture related stocks join other commodities in falling sharply in the wake of the Federal Reserve's higher interest rate outlook. Sugar (SB1:COM) and coffee (KC1:COM) futures slide to three-week lows, and other crop futures from soybeans to corn also are falling. Chicago July lumber (LB1:COM) fell by the exchange maximum $63, -6.5%, to $904.90 per 1,000 board feet Mosaic ([[MOS]] -6.8%) is one of today's top five decliners on the S&P 500 and has dropped 12.5% this week. Ag stocks are mired deeply in the red, including: [[NTR]] -3.9%, [[CF]] -5.4%, [[UAN]] -5.4%, [[IPI]] -4.1%, [[BG]] -6.2%, [[ADM]] -4.5%, [[ANDE]] -4.3%, [[LXU]] -8.7%, [[SEED]] -4.9%. Ag machinery stocks also trade sharply lower: [[CAT]] -4%, [[DE]] -4.2%, [[AGCO]] -5.6%. ETFs: [[DBA]], [[CORN]], [[JO]], [[MOO]], [[SOYB]], [[WEAT]], [[RJA]], [[CANE]], [[SGG]], [[JJGTF]], [[VEGI]], [[JJA]], [[TAGS]], [[FTAG]], [[GRU]], [[FUD]], [[WOOD]], [[CUT]], [[NAIL]] Lumber futures already were falling off
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Ag stocks dry up as Fed rate view scares investors off commodities