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News Breaks
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January 31, 2012
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| 10:23 EDT |  | ANDE |
| theflyonthewall.com: | Andersons retreats after Piper downgrades shares to Neutral | | The Andersons (ANDE), which provides agricultural products and services, is retreating after Piper Jaffray downgraded the stock to Neutral from Overweight. The firm believes that The Andersons is likely to miss consensus estimates in the first half of 2012, due to three fundamental headwinds. Specifically, Piper thinks that the company will be hurt by lower margins in its plant nutrient and ethanol production businesses. The Andersons' profit potential will also be negatively affected by a tight spread between cash prices and futures prices of grain, added the firm, which reduced its target on the stock to $45 from $55. In mid-morning trading, The Andersons fell $1.58, or 3.65%, to $41.74. :theflyonthewall.com |
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May 16, 2012
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| 07:38 EDT | | ANDE |
| theflyonthewall.com: | Deere expects increased crop production in China in 2012 | | In China, Deere sees strong grain prices leading to positive farm income and strong government support of agricultural mechanization. In the Commonwealth of Independent States, Deere sees ongoing business optimism leading to increased investments, especially in Russia and Kazakhstan. In India, Deere sees commodity prices to soften against 2011 but remain elevated due to strong demand and increased focus from government for farm mechanization. :theflyonthewall.com |
| | 07:35 EDT | | ANDE |
| theflyonthewall.com: | Deere sees EU 27 farm income above long-term average levels | | Says optimism continues in EU 27 Agricultural sector and demand for agricultural equipment remains strong. Says sovereign debt and fiscal issues concentrated in Southern Europe, not key agricultural markets. Comments taken from presentation slides for Q2 earnings conference call. :theflyonthewall.com |
| | 07:31 EDT | | ANDE |
| theflyonthewall.com: | Deere sees U.S. corn, wheat acres planted growing from 2011/12 to 12/13 | | Deere sees corn acres planted 91.9M in 2011/12 and 95.5M in 2012/13. Sees wheat acres planted 54.4M in 2011/12 and 55.9M in 2012/13. Sees soybean acres planted 75.0M in 2011/12 and 74.9M in 2012/13. Sees crop yields for all three commodities growing from 11/12 to 12/13. :theflyonthewall.com |
| | 07:28 EDT | | ANDE |
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May 10, 2012
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| 09:11 EDT | | ANDE |
| theflyonthewall.com: | WASDE raises projection for corn ending stocks by 50M bushels to 851M | | In its latest assessment of U.S. and world crop supply and demand prospects, the U.S. Department of Agriculture raised its projected U.S. corn ending stocks for 2011/12 by 50M bushels to 851M bushels. U.S. corn ending stocks for 2012/13 are projected at 1.9B bushels, up 1.0B bushels from the current year projection. The season-average farm price for 12/13 is projected at $4.20-$5.00 per bushel, down sharply from the 2011/12 record projected at $5.95-$6.25 per bushel. Global coarse grain supplies for 2012/13 are projected to rise 6% from prior year to 1,389.2M tons. Reference Link :theflyonthewall.com |
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