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Stock Market & Financial Investment News

News Breaks
January 10, 2014
12:03 EDTMON, IPI, POT, CF, AGU, DD, ANDE, BG, ADM, CMP, MOS, SYTU.S. feed grain supplies for 2013/14 projected lower
According to the latest WASDE report from the USDA, U.S. feed grain supplies for 2013/14 are projected lower with reduced production estimated for corn and sorghum. Harvested area for corn is raised 436,000 acres, but the estimated yield is lowered 1.6 bushels per acre to 158.8, reducing production 64M bushels to 13.9B. Corn ending stocks for 2013/14 are projected 161M bushels lower at 1.6B. The projected 2013/14 season-average farm price for corn is unchanged at the midpoint with the range narrowed to $4.10 to $4.70 per bushel. Projected corn use for 2013/14 is raised with feed and residual use projected up 100M bushels based on September-November disappearance as indicated by the December 1 stocks estimate. Corn used to produce ethanol is raised 50M bushels reflecting continued strong weekly ethanol production, a reduction in expected sorghum use for ethanol, and higher forecast 2014 gasoline consumption in the latest projections from the Energy Information Administration. Reference Link
News For CF;SYT;BG;POT;MOS;ANDE;IPI;CMP;DD;MON;ADM;AGU From The Last 14 Days
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April 16, 2014
13:18 EDTSYTSyngenta downgraded to Neutral from Buy at Miller Tabak
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April 15, 2014
16:22 EDTMOS, ADMOn The Fly: Closing Wrap
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13:19 EDTMOS, ADMArcher Daniels announces $350M unit sale to Mosaic, other actions
Archer Daniels Midland (ADM) announced three actions in the company’s ongoing portfolio management. ADM has signed an agreement to sell its fertilizer business in Brazil and Paraguay to The Mosaic Company (MOS) for $350M. The transaction consists primarily of five ADM-owned blending facilities in Brazil and Paraguay. The purchase price includes $150M in working capital. As part of the transaction, ADM will purchase fertilizer from Mosaic after the closing and will continue to supply certain fertilizer customers in Brazil and Paraguay. ADM also announced it will pursue the sale of its chocolate business, while retaining the majority of its cocoa press operations. The company has engaged advisers to facilitate the sale process. Finally, ADM announced it will acquire the remaining 20% minority stake of Alfred C. Toepfer International for EUR83M, representing about 1.1x net book value. The proposed transaction, which is occurring through the exercise of a put agreement by Union InVivo, will be subject to customary regulatory approvals. Since 2002, ADM has owned 80% of Toepfer. InVivo will remain a strategic business partner for ADM in Europe.
12:56 EDTAGUAgrium files U.S. $2.5B mixed securities shelf
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12:31 EDTADM, MOSMosaic 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 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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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
12:04 EDTDD, CF, POT, ANDE, ADM, AGU, SYT, MOS, MON, IPI, CMP, BGU.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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April 6, 2014
19:24 EDTPOTPotash appoints Jochen Tilk president and CEO, Bill Doyle to step down
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