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Stock Market & Financial Investment News

News Breaks
March 17, 2014
11:42 EDTCF, MOSCF Industries completes sale of phosphate business to Mosaic
CF Industries (CF) announced that it has completed the sale of its phosphate business to Mosaic (MOS) for $1.4B or approximately $1B net of taxes and other adjustments. The sale follows the terms of the definitive agreement announced on October 28, 2013. The company said, "The net proceeds from the sale will be redeployed to execute the strategic initiatives we already have in progress, namely our nitrogen capacity expansions and completing our share repurchase authorization. Additionally, the supply agreements we have put in place with Mosaic will provide us a steady base of ammonia demand with attractive economics.” In conjunction with the close of the sale transaction, CF Industries will begin to supply Mosaic with its share of the ammonia produced by the company’s 50% owned production facility in the Republic of Trinidad and Tobago. Additionally, the company has a long-term supply agreement with Mosaic to supply between 600K-800K tons of ammonia per year for up to 15 years from its Donaldsonville nitrogen complex. Deliveries of ammonia will begin no later than January 1, 2017 and will be priced at a defined margin over the cost of natural gas at Donaldsonville.
News For CF;MOS From The Last 14 Days
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September 16, 2014
17:27 EDTMOSUralkali has no plans to restore Belarus potash arrangement, WSJ says
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September 11, 2014
12:03 EDTCF, MOSUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
September 9, 2014
10:10 EDTMOSOn the Fly: Analyst Downgrade Summary
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10:10 EDTCFOn the Fly: Analyst Upgrade Summary
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08:52 EDTCF, MOSFertilizer estimates lowered at Cowen
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08:20 EDTMOSMosaic downgraded at RBC Capital
As noted earlier, RBC Capital downgraded Mosaic to Sector Perform from Outperform. The firm downgraded the stock based on higher phosphate input costs and concerns about potash market fundamentals. Target to $51 from $55.
08:16 EDTCFCF Industries upgraded at RBC Capital
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06:34 EDTCFCF Industries upgraded to Outperform from Sector Perform at RBC Capital
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06:34 EDTMOSMosaic downgraded to Sector Perform from Outperform at RBC Capital
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September 4, 2014
11:49 EDTMOSMosaic initiated with a Buy at Societe Generale
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