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News Breaks | | | | February 19, 2013 | | 18:10 EDT |  | CF | CF Industries expects farmers to continue planting large number of acres in 2013
CF Industries expects tight stocks-to-use ratios for corn, wheat and soybeans, underpinning the company's expectation of high crop prices and continue to provide economic incentives for farmers to plant a large number of acres and apply optimal amounts of plant nutrients. The high prices for corn and other coarse grains are supporting expectations that growers in North America, Europe, Ukraine and China will plant very large areas to grain, which should create robust global demand for plant nutrients, especially nitrogen, during 1H. A continuation of high prices for soybeans should lead to a large number of planted acres in South America again in 2013 and strong demand for phosphates in 1H in support of that region's fall fertilization needs. CF Industries projects that U.S. farmers will plant 97M acres of corn in 2013 with a forecasted yield of 160 bushels per acre, compared to actual 2012 of 97M acres and a yield of 123 bushels per acre. The North American nitrogen market is expected to be balanced-to-tight during 1H. Demand is expected to be robust due to the anticipated high number of corn acres to be planted. Midwest ammonia market conditions are expected to be tight-to-balanced during 1H. The North American UAN market is expected to be tight through the spring. Global UAN demand is benefiting from anticipated robust planting seasons in North America and Europe. CF Industries has hedged natural gas costs for approximately 90% of its anticipated nitrogen production needs through April 2013. The global phosphate market is currently weak but is expected to improve over the course of 1H. Capital expenditures in 2013 for the company's announced capacity expansion projects at Donaldsonville, Louisiana, and Port Neal, Iowa, are expected to be in the range of $1B to $1.3B. Capital expenditures for the company's existing facilities are expected to be approximately $450M. | |
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News For CF From The Last 14 Days Check below for free stories on CF the last two weeks. |
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| May 20, 2013 | | 10:11 EDT |  | CF | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | 08:33 EDT | | CF | CF Industries downgraded to Hold from Buy at Miller Tabak
Miller Tabak downgraded CF Industries due to valuation. Price target remains $220. | | | 08:04 EDT |  | CF | BofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
 Subscribe for More Information | | | May 15, 2013 | | 17:03 EDT |  | CF | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 07:31 EDT | | CF | BMO Capital to host a conference
Subscribe for More Information | | | May 10, 2013 | | 08:47 EDT |  | CF | CF Industries price target raised to $295 from $280 at Susquehanna
Subscribe for More Information | | | 08:31 EDT | | CF | CF Industries upside limited, says Cowen
Subscribe for More Information | | | May 8, 2013 | | 16:18 EDT | | CF | CF Industries says outlook 'very positive' for Q2, longer term
Subscribe for More Information | | | 16:16 EDT | | CF | CF Industries reports Q1 EPS $6.47, consensus $6.02
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