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Stock Market & Financial Investment News

News Breaks
January 24, 2013
13:41 EDTDD, DE, MON, BG, AGU, MOS, ADM, CF, IPI, SYT, CNH, ANDE, CMP, POT, CPOFertilizer makers rise after Agrium's preliminary profits beat expectations
Several fertilizer makers are climbing after Agrium (AGU), which develops agricultural nutrients, reported higher than expected preliminary fourth quarter earnings per share, or EPS. Agrium estimated that its EPS would be slightly above $2, versus analysts' consensus estimate of $1.73. The company's CEO, Mike Wilson, said that its fourth quarter results benefited from "a very strong finish to the fall application season in North American retail operations, supported by an extended fall season in the U.S. and continued strength in grain and oilseed prices." The Spring season is expected to be strong, due to continued strength in crop prices and low global grain inventories, Wilson added. In mid-afternoon trading, Mosaic (MOS) rose 2.42% to $60.90, Potash Corp. (POT) gained 1.52% to $42.63, CF Industries (CF) added 1.54% to $227.23, Intrepid Potash (IPI) jumped 3.70% to $22.71 and Agrium advanced 2.49% to $113.64.
News For AGU;CPO;SYT;BG;POT;IPI;MON;CMP;CF;DE;ANDE;ADM;DD;CNH;MOS From The Last 14 Days
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April 15, 2014
12:31 EDTMOS, ADMMosaic to acquire Archer Daniels' Brazil, Paraguay fertilizer units
Mosaic (MOS) signed definitive agreements with Archer Daniels Midland (ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350M. The purchase price assumes the delivery of $150M in working capital at closing. This acquisition is expected to accelerate Mosaic's previously announced growth plans in Brazil as well as replace planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition of ADM's fertilizer distribution business would increase Mosaic's annual distribution in the region from approximately 4M metric tonnes to about 6M metric tonnes of crop nutrients. The parties have also negotiated the terms of five-year fertilizer supply agreements providing for Mosaic to supply ADM's fertilizer needs in Brazil and Paraguay. Mosaic will fund the acquisition with cash from operations. The transaction is not expected to impact Mosaic's shareholder distribution plans. The proposed sale will be contingent on customary regulatory approvals.
11:44 EDTPOTPotash Corp. advances after report says BHP could make new bid
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10:09 EDTPOTPotash upgraded to Neutral from Sell at Miller Tabak
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09:16 EDTPOTOn The Fly: Pre-market Movers
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09:07 EDTPOTPotash volatility expected to move on speculation of being target
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07:46 EDTPOTPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
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April 14, 2014
14:11 EDTDEDeere mixed March trends relatively weak, says Wells Fargo
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13:52 EDTDEDeere reports March utility tractor sales down double digits
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April 10, 2014
16:21 EDTCMPCompass Minerals reports Q1 highway deicing sales volume of 4.7M tons
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10:00 EDTCFOn The Fly: Analyst Downgrade Summary
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10:00 EDTDEOn The Fly: Analyst Upgrade Summary
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08:53 EDTDEDeere upgraded to Neutral from Cautious at ISI Group
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06:20 EDTCFCF Industries downgraded to Equalweight from Overweight at Barclays
Barclays downgraded CF Industries based on relative valuation. Price target remains $267.
April 9, 2014
14:00 EDTDEApril WASDE data imply modest row crop cash improvement, says Wells Fargo
Well Fargo estimates that the latest WASDE report from the USDA implies U.S. row crop farmer cash receipts declining 13% in 2013/14 from the prior year, which is a modest improvement from March's implied forecast. The firm notes that the data still suggests an apparent decrease in 2013/2014 farm cash flow and keeps its Underperform ratings on Deere (DE) and AGCO (AGCO).
12:04 EDTPOT, CF, BG, ANDE, SYT, ADM, AGU, CMP, DD, IPI, MON, MOSU.S. corn exports projected to increase 125M bushels
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April 8, 2014
09:35 EDTPOTActive equity options trading on open
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07:42 EDTDDSenate Agriculture, Nutrition & Forestry to hold a hearing
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07:40 EDTPOTIncoming Potash CEO likely to maintain priority on price, Reuters says
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April 7, 2014
10:00 EDTCMPOn The Fly: Analyst Initiation Summary
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08:52 EDTCMPCompass Minerals initiated with a Buy at Monness Crespi
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