NEW YORK (TheStreet) -- TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a look at shares of Potash (POT - Get Report), which were downgraded to hold from buy at J.P. Morgan.
On CNBC's "Cramer's Stop Trading" segment, Cramer acknowledged that the analyst did not lower his price target on shares of Potash, but suggested that this year's "bountiful harvest" would be a negative.
Prices of corn, wheat and soy are all "getting killed," while other commodities like natural gas are at six-month lows. Many also believe that gas prices have already peaked for this summer, he said.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell