BUZZ-Agriculture names lower in wake of USDA report

Thu Mar 31, 2016 12:59pm EDT
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** Agriculture-related companies such as Monsanto and Deere moved lower on Thursday after USDA acreage report that showed intended corn plantings by farmers was well above forecasts

** Monsanto dropped to a session low, down 2.9 pct; Deere off 3 pct to its lowest since Feb. 24 and back below its 10-day moving average

** Mosaic was down 2.3 pct and U.S.-listed Agrium shares off 1.3 pct

** S&P 1500 fertilizers & agricultural chemicals index dropped 2.7 pct and was on track for its biggest drop since March 2

** S&P 1500 agricultural & farm machinery index was off 2.9 percent, poised for its worst daily performance since Feb. 19