Chinese Stocks Chasing Agritech (SEED, YONG, FEED)

Posted in Uncategorized 
November 23rd, 2009

Origin Agritech Limited (NASDAQ: SEED) is so strong this morning on its modified corn approval that it is pulling up two virtually unknown Chinese stocks along with it:

Yongye International, Inc. (NASDAQ: YONG) is in the fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in China.  Shares are up almost 9% at $9.28 on over 16,000 shares as of 8:32 AM EST. Pre-rally market cap was $279 million.

AgFeed Industries, Inc. (NASDAQ: FEED) is in fodder and blended feed for use in the domestic animal husbandry markets in China. At 8:32 AM EST we have seen over 21,000 shares trade and the stock is up 8% at $4.64. Pre-gain market cap was $188 million.


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