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Stock Market & Financial Investment News

News For AGU;DE;MOS;CF;POT From The Last 14 Days
Check below for free stories on AGU;DE;MOS;CF;POT the last two weeks.
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April 22, 2014
12:24 EDTDEBofA/Merrill industrial machinery analysts hold analyst/industry conference call
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April 21, 2014
18:05 EDTCFCF Industries' Woodward, Oklahoma plant shut for repairs
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08:16 EDTAGU, CF, POTPossible short-term trading opportunity for fertilizers, says Cowen
Cowen believes a short term trading opportunity may exist for the fertilizer shares heading into the Spring application season. The firm favors the Phosphate, Nitrogen, and Potash nutrients in that order based on supply/demand and grain outlook. Cowen remains cautious on the group longer term due to fundamentals and a lack of any catalysts. They have changed their downside risk limits but have not upgraded any shares.
April 15, 2014
16:22 EDTMOSOn The Fly: Closing Wrap
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13:19 EDTMOSArcher 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 EDTMOSMosaic 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 14, 2014
14:11 EDTDEDeere mixed March trends relatively weak, says Wells Fargo
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13:52 EDTDEDeere reports March utility tractor sales down double digits
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April 10, 2014
10:00 EDTCFOn The Fly: Analyst Downgrade Summary
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10:00 EDTDEOn The Fly: Analyst Upgrade Summary
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08:53 EDTDEDeere upgraded to Neutral from Cautious at ISI Group
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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
14:00 EDTDEApril WASDE data imply modest row crop cash improvement, says Wells Fargo
Well Fargo estimates that the latest WASDE report from the USDA implies U.S. row crop farmer cash receipts declining 13% in 2013/14 from the prior year, which is a modest improvement from March's implied forecast. The firm notes that the data still suggests an apparent decrease in 2013/2014 farm cash flow and keeps its Underperform ratings on Deere (DE) and AGCO (AGCO).
12:04 EDTCF, MOS, POT, AGUU.S. corn exports projected to increase 125M bushels
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