Reuters reported that Potash Corp. (NYSE:POT) announced its quarterly profit dropped by 33 percent.

As quoted in the market news:

A nearly 60 percent decrease in its shipments of the crop nutrient potash led to a much bigger decline in Potash Corp’s first-quarter profit than analysts had expected. The industry giant trimmed its estimate of global potash demand for 2012 and lowered forecasts for its shipments and profits.

Click here to read the full Reuters report.