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Stock Market & Financial Investment News

News Breaks
May 13, 2013
13:28 EDTMOSMosaic lower after deferring potash expansion
Mosaic, which produces and markets phosphate and potash crop nutrients for the agriculture industry, is trading lower after saying it is scaling back its potash expansion on a company conference call. WHAT'S NOTABLE: Mosaic CFO Larry Stranghoener said the company is deferring a project to add 2M metric tons a year of potash production capacity. Stranghoener added that the company will reassess market conditions within the next 12 to 24 months and "make a determination at that time whether those projects are warranted." PRICE ACTION: Mosaic shares are trading down $2.23 or 3.52% to $61.05 in afternoon trading.
News For MOS 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 EDTMOSBHP 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 EDTMOSUSDA lowers 2014/15 soybean ending stock forecast
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07:56 EDTMOSUBS to hold a conference
Agriculture Investor Day is being held in Chicago on December 10.

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