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Stock Market & Financial Investment News

News For CF From The Last 14 Days
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February 9, 2016
12:04 EDTCFUSDA raises corn supply forecast by 35M bushels
In its monthly World Agricultural Supply and Demand Estimates report, the USDA raised its corn ending stocks estimate for 2015/16 by 35M bushels. The projected range for the corn season-average farm price is narrowed 5 cents on both ends to $3.35 to $3.85 per bushel. Publicly traded companies in the Agriculture and Fertilizer spaces 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).
February 1, 2016
09:07 EDTCFCF Industries, CHS commence strategic venture
CF Industries (CF) and CHS (CHSCP) announced that they have commenced their previously announced nitrogen fertilizer strategic venture. CHS completed its $2.8B equity investment in CF Industries Nitrogen, LLC, a CF Industries subsidiary, and will start receiving delivery of urea and urea ammonium nitrate from CF Industries under a long-term supply agreement. CHS has purchased a minority equity interest in CF Nitrogen for $2.8B effective Feb. 1, 2016. Through the investment, CHS will be entitled to semi-annual profit distributions from CF Nitrogen based generally on the volume of granular urea and UAN purchased by CHS pursuant to the supply agreement. Starting Feb. 1, 2016, CHS is entitled to purchase up to 1.1M tons of granular urea and 580,000 tons of UAN annually from CF Nitrogen for ratable delivery. The 1.7M product tons available under the supply agreement represent approximately 8.9% of CF's total production capacity once its capacity expansion projects are completed at Donaldsonville, La., and Port Neal, Iowa, expected in 2016.

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