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February 19, 2013
18:10 EDTCFCF 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.
News For CF From The Last 14 Days
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November 23, 2015
05:26 EDTCFCF Industries, OCI committed to pursuing collaboration
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November 17, 2015
10:00 EDTCFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CF Industries (CF) upgraded to Positive at Susquehanna... ExlService (EXLS) upgraded to Buy from Neutral at BofA/Merrill... Fitbit (FIT) upgraded to Buy at BofA/Merrill... Forward Air (FWRD) upgraded to Outperform at Baird... HD Supply (HDS) upgraded to Positive from Neutral at Susquehanna... Hannover Re (HVRRY) upgraded to Overweight from Underweight at JPMorgan... Moody's (MCO) upgraded to Buy from Neutral at UBS... PRA Group (PRAA) upgraded to Strong Buy from Market Perform at Raymond James... Plum Creek Timber (PCL) upgraded to Outperform from Sector Perform at RBC Capital... Shire (SHPG) upgraded to Outperform from Market Perform at Leerink... Yandex (YNDX) upgraded to Overweight from Equal Weight at Morgan Stanley... Zayo Group (ZAYO) upgraded to Buy from Neutral at MoffettNathanson.
07:47 EDTCFCF Industries upgraded to Positive at Susquehanna
As reported previously, Susquehanna upgraded CF Industries from Positive to Neutral. The firm cited accretion from OCI. Susquehanna raised its price target to $58 from $57 on CF Industries shares.
05:57 EDTCFCF Industries upgraded to Positive from Neutral at Susquehanna
November 16, 2015
07:16 EDTCFHayman Capital gives quarterly update on stakes
NEW STAKES: Impax (IPXL), CF Industries (CF), GW Pharmaceuticals (GWPH), ProNAi Therapeutics (DNAI). INCREASED STAKES: BioMarin (BMRN), NMI Holdings (NMIH), Vertex (VRTX), Endo (ENDP). DECREASED STAKES: Mylan (MYL). LIQUIDATED STAKES: Perrigo (PRGO), Oasis Petroleum (OAS), Whiting Petroleum (WLL), Newfield Exploration (NFX), SM Energy (SM).

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