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News Breaks
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November 5, 2009
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| 17:07 EDT |  | IPI |
| theflyonthewall.com: | Intrepid Potash sees a bottoming process in the domestic potash market | | Overall, we believe that the domestic potash market is in a bottoming process and that we have begun to see some initial hopeful signs with selective buyers returning to the market as dealer-owned inventories appear to be at low levels. Although we believe that the dealer and retail supply chain has reduced inventories, we continue to see broad buyer hesitation persist. Fertilizer dealers remain cautious in their buying habits preferring to defer purchases, and avoid the associated price risk, while they take some risk of losing sales due to low inventory levels. Intrepid continues to work with dealers to move product forward in the distribution system so that our product is available for sale when buyers more fully step into the market. As the current potash market develops, we will continue to manage production volumes and our net cash position while at the same time making the appropriate investments in our business. :theflyonthewall.com |
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February 9, 2012
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| 09:45 EDT |  | IPI |
| theflyonthewall.com: | Department of Agriculture sees corn stocks lower, narrow average price range | | The Department of Agriculture lowered its projection for U.S. feed grain ending stocks for 2011/12, citing corn and oats imports being more than offset by higher expected corn exports. Corn ending stocks projections were dropped 45M bushels, to 801M. Season average farm corn price forecast was narrowed 10c on both ends of the range, to $5.80-$6.60 per bushel. Global coarse grain supplies for 2011/12 are projected 3.1M tons lower, on reduced corn production from Argentina and Paraguay. Reference Link :theflyonthewall.com |
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January 31, 2012
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| 11:13 EDT |  | IPI |
| theflyonthewall.com: | Fertilizer stocks lower after several downgrades | | Fertilizer stocks were hit with a series of downgrades this morning which has weighed on the sector. Notable names such as Potash (POT), Intrepid Potash (IPI), and CF Industries (CF) were all downgraded, causing a broad sell off in the fertilizer group. The following downgrades occured: Potash to Neutral from Buy at Goldman, CF Industries to Neutral from Outperform at Credit Suisse, and Intrepid Potash to Sell from Neutral at Goldman. Other names in the sector such as Bunge (BG) and Monsanto (MON) are also trading lower in late morning action. :theflyonthewall.com |
| | 10:28 EDT |  | IPI |
| | 06:04 EDT |  | IPI |
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