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Agrium AGU (news,
chart,
quote) - AGU volatility Elevated at 56
AGU, North America's third largest fertilizer producer, is recently down $2.28 to $62.11. The USDA 2008 Prospective Planting report based on farmer surveys indicate farmers intend to plant 86 mn of corn down 8% from 94 mn in 2007. AGU April option implied volatility of 56 is above its 26-week average of 52 according to Track Data, suggesting larger risk.
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