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Stock Market & Financial Investment News

News Breaks
January 4, 2013
11:56 EDTPOT, AGU, CF, MOSFertilizer makers advance after Mosaic's earnings beat expectations
Mosaic (MOS) shares are climbing after the company reported higher than expected second quarter earnings per share and revenue that was roughly in-line with expectations. "Agricultural fundamentals are exceptionally strong around the globe, and that bodes well for Mosaic over the long term," said Mosaic CEO Jim Prokopanko on the company's earnings conference call. U.S. farmers have a great deal of cash, and will use it on products that help them obtain the largest crops possible, added the CEO. However, there are some short-term negatives, as Prokopanko said he would have been happier if China - which earlier this week signed a new contract for Canadian potash - had agreed to pay higher prices for the fertilizer. Furthermore, India's regulations continue to harm the industry, the CEO indicated. Despite these challenges, demand for the company's products in free markets remain strong and should accelerate, Prokopanko reported. In late morning trading, Mosaic (MOS) climbed 2.68% to $58.29, while fellow fertilizer makers rose as well. Agrium (AGU) advanced 1.22% to $103.48, Potash (POT) added 0.98% to $41.34 and CF Industries (CF) climbed 1.73% to $209.83.
News For MOS;AGU;POT;CF From The Last 14 Days
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December 17, 2014
12:10 EDTMOSMosaic acquisition of Archer Daniels fertilizer unit to spur growth in Brazil
The Mosaic Company (MOS) announced that it has completed the previously announced acquisition of Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350M. The assets purchased include $150M in working capital. The acquisition is expected to significantly accelerate Mosaic's growth plans in Brazil as well as replace a substantial amount of planned internal investment in that country. Mosaic's distribution capacity in the region is expected to increase from approximately four million tonnes per year to 6M tonnes. As a result of the acquisition, Mosaic intends to manage and report a new international distribution segment beginning in the first quarter of 2015.
December 11, 2014
08:16 EDTPOT, MOS, AGUBHP sees potash as focus for growth in China, WSJ reports
Mining giant BHP Billiton said it is focusing on potash as an area of strategic growth in China, with Mike Henry, a president for BHP saying potash "can be our fifth pillar,” adding to the four key markets of iron ore, oil and natural gas, copper and coal that the company had identified previously, reported The Wall Street Journal. Other publicly traded companies in the potash space include Agrium (AGU), Intrepid Potash (IPI), Mosaic (MOS), Potash (POT). Reference Link
December 10, 2014
12:04 EDTAGU, CF, POT, MOSUSDA lowers 2014/15 soybean ending stock forecast
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09:36 EDTPOTActive equity options trading
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07:56 EDTMOS, POT, AGUUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.
December 5, 2014
10:00 EDTPOTOn The Fly: Analyst Upgrade Summary
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07:11 EDTPOTPotash upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Potash to Overweight citing improving industry fundamentals and the company's decreasing investment spending. The firm raised its price target for shares to $40 from $34. Shares of Potash closed yesterday down 23c to $34.93.
December 3, 2014
13:20 EDTCFCF Industries resumes production at Woodward, Oklahoma, nitrogen complex
CF Industries reported that it has restarted operating units at its Woodward, Oklahoma, nitrogen complex. As announced on October 29, the company had shut down production at the complex to address an issue in one of the site’s boilers. “We are pleased to have resumed production at Woodward and are in contact with our customers regarding the status of deliveries from the facility,” commented Phil Koch, senior vice president, manufacturing, CF Industries. The Woodward complex has average annual production capacity for 480,000 tons of gross ammonia, 820,000 tons of UAN, and 25,000 tons of urea liquor.
10:04 EDTPOTPotash Corp. sees potash demand growth of 2.5%-3% from 2014 levels
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